Ma Ying-jeou (former mayor of Taipei) of the Kuomintang party (KMT) was supposed to win this election easily. But with Taiwanese concerned over China's handling of the Tibet situation, the incumbent Democratic Progressive Party (DPP) candidate Frank Hsieh -- who is the former premier and Mayor of Kaohsiung -- may be gaining.
Ma wants the benefits of China's robust economy, while Hsieh wants to go slower and hold back in some areas.
More here and at Wikipedia (good for background).
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