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The history of Taiwan, and why China wants it back

The Taiwan question
Early history
Chinese and Japanese colonisation
Republic of China holdout
Non-sovereign country
Economic woes
Economic advantages
Economic reforms
Made in Taiwan ROC
Foreign investment
Economic powerhouse
Taiwan Miracle
GDP growth
Maturing economy
Offshoring boom
Increasing prosperity
Wealthy nation
Recent growth
Superior economy
Strong credit rating
Stellar competitiveness
Excellent transparency
High salaries
Tax rates
China's advantages
China's gains
Semiconductor prize
Taiwan's gains
Trade troubles
Trade troubles
Taiwan's losses
Chinese sanctions
Chinese sanctions
Powerful ally
Foreign support
Severing diplomatic ties
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Photo by Florence Lo - Pool/Getty Images

The Taiwan question

Are tensions between China and Taiwan reaching breaking point? This week, the People's Republic has revealed plans to bolster its military spending by 7.2% and called for "reunification" with Taiwan – notably dropping the word "peaceful" from its pledge.

Read on as we chart Taiwan's historic breakaway and phenomenal rise to prosperity, and how we've got to the current crisis situation. All dollar values in US dollars and historic currency conversions correct for the time.

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Daniel Coughlin

05 March 2024

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