Flag of the Republic of China sovereign independent country of the Republic of China (ROC) to the island of Taiwan. On the mainland, the communist forces of Mao Zedong established the People's Republic of China and adopted their own national flag. On October 23, 1954, the National Emblem and National Flag of the Republic of China Act () was promulgated by the Legislative Yuan to specify the size, measure, ratio, production, and management of the flag. While public display of the ROC flag is generally frowned upon, and may even lead to arrest in the PRC, Cambodia was the first country to outlaw it officially. In
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