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 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