Taiwan and China Relation

Taiwan and China Relation

Currently troubled relations between China and Taiwan are one of the most debated topics, both in Asia and in the world at large. Taiwan - the unrecognized Republic of China, which lives by its own rules and develop their own way (Gill, 2007). As a result, the communists came to power and escape Chiang Kai-shek to the island was declared a separate Taiwan from the mainland government, which claims to be the name of the Republic of China. As a result of separation from the mainland, the island of Taiwan became an island of the investment deposit of the United States of America - the eternal enemy of China. During the 1950 U.S. subsidies accounted for 25% of the island's economy, the foundation of which was based on the cultivation of rice and grains. Taiwan's rising economic growth and already adapted to the export of metal products, chemical products and textiles. During the 1950-70 years. Last century, Taiwan has demonstrated phenomenal growth of the industry in the region and has become one of the richest islands in the world. In 1997, GDP per capita was more than 13 thousand dollars. It is also very well developed banking system of the island. Many international commercial banks have branches and representative offices in Taipei (Federation of American Scientists et al, 2006).

Recently, in a relationship of mainland China and Taiwan, there has been a marked warming - increased turnover, frequent cultural contacts. Official authorities and observers say that improved relations between Beijing and Taipei began after coming to power in 2008, the new head of the Taiwan Ma Ying-jeou. He replaced the former "president" Chen Shui-bian, who was elected head of the administration in 2000 from the Democratic Progressive Party / BPO / demanding independence of the ...