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.
Politics of the Republic of China Taiwan business representatives have concerns about issues such as safety, corruption, and contract disputes, which have led to increased caution and a search for alternative investment venues but not to pulling out from mainland China altogether. President Chen has yet to revise the previous administration's "no haste, be patient" policy regarding Taiwan-mainland China investment to prevent over-dependence on the PRC. As a result of this policy the ROC has placed restrictions on largescale infrastructure investments on mainland China in 1997. Despite this, billions of dollars have been invested in mainland China by smaller firms. The development of semiofficial cross-Strait relations