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An island on which a partially recognized country called the Republic of China resides, led by the nationalist party of China, represented by the Nationalist flag of China. The vast majority of the population are ethnic Chinese, who speak Mandarin and utilize Chinese characters. Over 65% of the island's trade (imports/exports) is conducted with the people's republic of china (as of 2011), and over 1 million ROC citizens live and work in the PRC, overseeing ROC investments. The Chinese nationalist regime presiding over Taiwan Island claims all of the PRC, Mongolia, parts of India and other territories because it considers itself the legitimate ruler over all of 'Greater' China as defined by historical boundaries and by the fact that it lost these territories to the communists in the Chinese civil war.
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