Taiwan and larger than Belgium. The island of Taiwan has an area of , and lies some from the southeastern coast of mainland China across the Taiwan Strait. The East China Sea lies to the north, the Philippine Sea to the east, the Bashi Channel of the Luzon Strait directly to the south, and the South China Sea to the southwest. Its shape is similar to a sweet potato, giving rise to the slang term "hanji" ("sweet potato" in Hokkien) used by Taiwanese Hokkien speakers to refer to people of native Taiwanese descent. The island is characterized by the contrast between
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