Taiwan's new Premier William Lai and his Cabinet were officially sworn in on Friday in what is widely being seen an effort to build political momentum ahead of next year's nationwide local elections, though he denied his administration will be "election-oriented."Speaking at the swearing-in ceremony, Lai, an old guard of President Tsai Ing-wen's Democratic Progressive Party, insisted that his primary task is to develop the economy and improve people's well-being.The 57-year-old former Tainan mayor, appointed by Tsai to the premiership on Tuesday, was dismissing speculation that his successi…READ FULL ARTICLE