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 new economic landscape, and as an island economy with lack of natural resources and comparatively lower domestic aggregate demand, Taiwan's highly educated human resources would contribute greatly to Value added Innovation management for expanding Taiwan's international trade. Taiwan has transformed itself from a recipient of U.S. aid in the 1950s and early 1960s to an aid donor and major foreign investor, with investments primarily centered in Asia. Private Taiwanese investment in mainland China is estimated to total in excess of US$150 billion, and official tallies cite Taiwan as having invested a comparable amount in Southeast Asia. Taiwan has historically benefited