Taiwan, officially the Republic of China (ROC), is a sovereign state in East Asia. The Republic of China, originally based in mainland China, now governs the island of Taiwan, which constitutes more than 99% of its territory, as well as Penghu, Kinmen, Matsu, and other minor islands, following its loss of the mainland China territory in 1949 in the Chinese Civil War. This remaining area is also constitutionally called the "w:Free area of the Republic of China" which is not ruled by the Communist Party of China in Beijing.
Neighboring states include the People's Republic of China (PRC) to the west (mainland China), Japan to the east and northeast, and the Philippines to the south. Taiwan is one of the most densely populated countries in the world. Taipei is the seat of the central government, and together with the surrounding cities of New Taipei and Keelung forms the largest metropolitan area on the island.
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- Taiwan relies on export growth, and demand from Europe and the US is pretty weak. So based on experience, the government needs to be a bit cautious.
- Hsu Kuo-an, economist at Capital Securities in Taipei, quoted on BBC News, "Taiwan GDP soars on exports to China", February 22, 2010.
- Originally, we were waiting for spring swallows, but instead a swarm of angry birds came flying.
- TIER chief forecaster Sun Ming-te said, using a reference to a popular electronic game, quoted on Taiwan News, "Taiwan GDP growth won't reach 2%: TIER", November 5, 2013.