Bloomberg previews the Taiwan presidential election in a few more weeks:
Measured by their balance sheets, the DPP-KMT contest is heavily lopsided. The KMT — the party of the ruling elites who fled mainland China during the civil war more than six decades ago — had assets of NT$25.6 billion at the end of last year, according to data from the Ministry of the Interior.
That’s close to $800 million in U.S. dollars, more than the annual GDP of many countries.
Elections cost lots of money, especially on a national scale. The Democratic Progressive Party needs all the help it can get.