He may have achieved a facile victory in the KMT’s leadership election, but the 48-year-old politician has only 14 months to resolve its financial and election woes

If Chiang is to be anything more than a transitional leader he must win the public’s trust and re-establish strong ties with Beijing, observers say

After his easy victory in the party’s leadership election,

is asking if Johnny Chiang is the man to save the island’s century-old Kuomintang (KMT).

The 48-year-old, US-educated politician defeated his sole opponent – former party vice-chairman and Taipei mayor Hau Long-bin – in a poll that saw a record low voter turnout of less than 36 per cent.

Chiang has been in politics for just a decade and is practically unknown outside Taiwan. But the question now is can he save the troubled party, which suffered a humiliating defeat in

, and is facing serious financial troubles and dwindling public support.

And with anti-China sentiment on the rise in Taiwan, Chiang is also facing a dilemma over whether to ditch the decades-old political platform known as the 1992 consensus, which for almost 30 years has allowed the self-ruled island to maintain a functioning relationship with Beijing.

Chiang took up his first political post in 2010 as head of the now defunct Government Information Office under then president

. On Monday he was sworn in as head of the KMT, replacing Wu Den-yih who resigned after the party’s miserable showing in the January polls.

The Kuomintang was the dominant political party in Taiwan for decades, but since 2000 has competed for power with the Democratic Progressive Party (DPP). In January, the DPP’s Tsai Ing-wen was re-elected for a second term as president.

Taiwanese talk show host and political commentator Sissy Chen said the KMT was facing a mission impossible to return to power in the next two decades because of its failure to recruit fresh talent and win the support of younger voters.

It was “possible that the DPP will be able to remain as the government for at least 12, 15 and even 20 years”, she said in December, before Tsai’s election victory.

As Wu’s replacement, Chiang has just 14 months of a four-year tenure to prove he is the man to lead the KMT out of its slump. His goals are to bring young blood into the party and introduce reform measures to win back public support, while at the same time securing Beijing’s trust, analysts said.

“If Chiang does abandon the 1992 consensus, it would be tantamount to removing its trust basis with the Chinese Communist Party and giving up its most valuable asset in dealing with the mainland,” former KMT legislator Chen Shei-saint said.

There was a need for the party to build a new consensus so that it could appease Taiwanese voters while not upsetting Beijing, he said.

The consensus refers to an understanding reached between Taipei and Beijing in 1992 that both sides of the Taiwan Strait belong to “one China”.

Beijing, which considers Taiwan part of its sovereign territory, has insisted that the consensus is the sole political foundation for the two sides to remain interactive. The KMT claims that both sides agreed that each has their own interpretation of one China and for the KMT it stands for the Republic of China, the island’s official title.

During his presidency, Ma used the consensus to improve relations with Beijing, but those warmer ties frosted over in 2016 when Tsai – who advocates

– was elected the island’s new leader.

In his inaugural speech on Monday, Chiang said he would give priority to party reforms and winning back public support, while deciding what to do about the 1992 consensus would come later.

“Without an internal agreement, we can do nothing, even if we can work out a new form for the 1992 consensus,” he said.

While it is a long-held tradition for the leader of the Chinese Communist Party to send a congratulatory telegram to newly appointed leaders of the KMT, Chiang has yet to receive word from Xi Jinping, which some political observers said could be seen as a snub.

On March 7, Zhu Fenglian, deputy director of the Taiwan Affairs Office – the mainland agency that handles relations with Taiwan – urged Chiang to “cherish and protect the mutual trust with the CCP on the foundation of the 1992 consensus” and “promote the peaceful development of cross-strait relations, and advance the interests and well-being of the people on both sides of the Taiwan Strait”.

Ni Yongjie, deputy director of the Shanghai Institute for Taiwan Studies, said that regardless of whether the terms of the 1992 consensus were amended, communication between Beijing and Taipei should remain open.

“What matters most is that the relationship between the two sides of the Taiwan Strait remains a domestic one, and not like one between two countries,” he said.

Chang Yu-shao, a researcher at the Cross-Strait Policy Association, a think tank in Taipei, said it was not surprising that Xi had not congratulated Chiang given what the new KMT leader had said before the election.

“Beijing is taking a wait-and-see approach towards Chiang as what he said about the 1992 consensus amounted to him failing to complete his test paper,” he said.

Meanwhile, Huang Tzu-che, deputy director of the KMT’s cultural and information department, said the loss of support from young people and neutral voters was one of the major reasons for the KMT’s defeat in the January elections.

Chiang must respond to the “public’s expectations [and] current trends” to win back their support, he said.

Chiang campaigned for the KMT leadership on promises to rejuvenate the party. In doing so, he won the support of younger members and key party factions and saw off the challenge of the more experienced and influential 68-year-old Hau, winning by about 46,000 votes.

“The election result reflects that most party members think a generational change is needed to help the party regain power,” said former KMT legislator Sun Ta-chien.

“To do this, the party must understand the views of young people on important issues, use the language of young people, establish a platform for communication with them and propose policies that can win their trust,” he said.

But Chen Shei-saint said Chiang was facing a challenging 14 months to prove he was the right choice for the KMT.

“To show he is not just a transitional chairman, Chiang not only has to prove that he is able to manage cross-strait issues but also initiate party reforms that can impress the public, while at the same time ensuring the KMT performs its checks and balances role within the legislature,” he said.

He must also win the support of the party’s old guard to back his reform measures, and raise enough funds to be able to maintain the party’s operations, Chen said.

Once one of the richest political parties in the world, since having its

as part of a government investigation into ill-gotten gains, the KMT has been struggling to find the nearly US$1 million it needs every month just to stay afloat.

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