Taiwan's President-elect Tsai Ing-wen has named a former finance minister as the island's next premier.

Lin Chuan is expected to focus on revitalizing Taiwan's slowing high-tech economy while stabilizing relations with neighbor China, which claims Taiwan as its own territory

Introduced by Tsai at a news conference Tuesday, Lin said his would not be just an "economics and finance Cabinet," since challenges come from all sides.

China has responded skeptically to the January election of Tsai alongside a parliamentary majority for her independence-leaning Democratic Progressive Party.

Tsai has pledged no change to the status quo of tense but stable peace and robust economic exchanges between the sides. However, China says it isn't satisfied and demands she endorse Beijing's formulation that the two are part of a single Chinese nation.