Ruling-party candidate Lai Ching-te has emerged victorious in Taiwan's presidential election, and his opponents have conceded after a tight three-way race. The election has been closely watched by Beijing and Washington, D.C., with China recently warning that the election's frontrunner could set the stage for war. CBS News' Elizabeth Palmer has more from Taipei. "CBS Saturday Morning" co-hosts Jeff Glor, Michelle Miller and Dana Jacobson deliver two hours of original reporting and breaking news, as well as profiles of leading figures in culture and the arts. Watch "CBS Saturday Morning" at 7 a.m. ET on CBS and 8 a.m. ET on the CBS News app. Subscribe to "CBS Mornings" on YouTube: https://www.youtube.com/CBSMornings Watch CBS News live: https://cbsn.ws/1PlLpZ7c​ Download the CBS News app: https://cbsn.ws/1Xb1WC8​ Follow "CBS Mornings" on Instagram: https://bit.ly/3A13OqA Like "CBS Mornings" on Facebook: https://bit.ly/3tpOx00 Follow "CBS Mornings" on Twitter: https://bit.ly/38QQp8B Subscribe to our newsletter: https://cbsn.ws/1RqHw7T​ Try Paramount+ free: https://bit.ly/2OiW1kZ For video licensing inquiries, contact: [email protected]