Provinces of China the province, rather than the nominal governor of the provincial government. The government of each standard province () is nominally led by a provincial committee, headed by a secretary. The committee secretary is first-in-charge of the province; second-in-command is the governor of the provincial government. The People's Republic of China (PRC) claims the island of Taiwan and its surrounding islets, including Penghu, as "Taiwan Province", though Taiwan has not been under control of a government that ruled from mainland China since 1949, when the Republic of China lost the mainland to the Communist Party of China, which established the PRC.
Economy of Taiwan as in mainland China and Vietnam, Taiwan's future development will have to rely on further transformation to a high technology and service-oriented economy. In recent years, Taiwan has successfully diversified its trade markets, cutting its share of exports to the United States from 49% in 1984 to 20% in 2002. Taiwan's dependence on the United States should continue to decrease as its exports to Southeast Asia and mainland China grow and its efforts to develop European markets produce results. Taiwan's accession to the WTO and its desire to become an Asia-Pacific "regional operations center" are spurring further economic liberalization. Taiwan