since in the past the authorities claimed to be the government of all China, the central administrative divisions include the provinces of Fu-chien (some 20 offshore islands of Fujian Province including Quemoy and Matsu) and Taiwan (the island of Taiwan and the Pescadores islands); note - the more commonly referenced administrative divisions are those of Taiwan Province - 16 counties (hsien, singular and plural), 5 municipalities* (shih, singular and plural), and 2 special municipalities** (chuan-shih, singular and plural); Chang-hua, Chia-i, Chia-i*, Chi-lung*, Hsin-chu, Hsin-chu*, Hua-lien, I-lan, Kao-hsiung, Kao-hsiung**, Miao-li, Nan-t'ou, P'eng-hu, P'ing-tung, T'ai-chung, T'ai-chung*, T'ai-nan, T'ai-nan*, T'ai-pei, T'ai-pei**, T'ai-tung, T'ao-yuan, and Yun-lin; the provincial capital is at Chung-hsing-hsin-ts'un.
note: Taiwan uses the Wade-Giles system for romanization.
Population:
22,370,461 (July 2001 est.)
Currency:
new Taiwan dollar (TWD)
Languages:
Mandarin Chinese (official), Taiwanese (Min), Hakka dialects
Elevation:
highest point: Yu Shan 3,997 m
lowest point: South China Sea 0 m
Natural hazards:
earthquakes and typhoons
Climate:
tropical; marine; rainy season during southwest monsoon (June to August); cloudiness is persistent and extensive all year
Taiwan has a dynamic capitalist economy with gradually decreasing guidance of investment and foreign trade by government authorities. In keeping with this trend, some large government-owned banks and industrial firms are being privatized. Real growth in GDP has averaged about 8% during the past three decades. Exports have grown even faster and have provided the primary impetus for industrialization. Inflation and unemployment are low; the trade surplus is substantial; and foreign reserves are the world's fourth largest. Agriculture contributes 3% to GDP, down from 35% in 1952. Traditional labor-intensive industries are steadily being moved offshore and replaced with more capital- and technology-intensive industries. Taiwan has become a major investor in China, Thailand, Indonesia, the Philippines, Malaysia, and Vietnam. The tightening of labor markets has led to an influx of foreign workers, both legal and illegal. Because of its conservative financial approach and its entrepreneurial strengths, Taiwan suffered little compared with many of its neighbors from the Asian financial crisis in 1998-99. Growth in 2001 will depend largely on conditions in Taiwan's export markets and may be about 5%.
Industry:
electronics, petroleum refining, chemicals, textiles, iron and steel, machinery, cement, food processing
Ethnicgroups:
Taiwanese (including Hakka) 84%, mainland Chinese 14%, aborigine 2%
