Taiwan’s pro-China party wins 3 of 5 mayoral seats

TAIPEI, Nov 27 (BestGrowthStock) – Taiwan’s China-friendly
ruling party held onto mayoral posts in three of five
major cities after elections on Saturday, setting athestage
for the 2012 presidential race and likely bolstering
financial markets.

The Nationalist Party’s (KMT) victories give it a clear
shot at the presidency, where it would continue to seek trade
deals with economic powerhouse and China, though
keep a distance politically at least in the short term.

(Reporting by Ralph Jennings)

(Created by Andrew Marshall)

Taiwan’s pro-China party wins 3 of 5 mayoral seats