Geography of Taiwan Geography of Taiwan Taiwan, formerly known as Formosa, is an island in East Asia; located some off the southeastern coast of mainland China across the Taiwan Strait. It has an area of , which includes other nearby islands such as Penghu (). The East China Sea lies to the north, the Philippine Sea to the east, the Luzon Strait directly to the south and the South China Sea to the southwest. The island makes up 99% of the current territory of the Republic of China, which is also known as "Taiwan". Taiwan is a tilted fault block, characterized by the
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