Taiwan: History

Taiwan is formally annexed by the Qing dynasty in China.

Taiwan is ceded to Japan after China loses the First Sino-Japanese War.

US places Taiwan under Chinese administrative control after Japan surrenders. 

A period of rapid industrial development that is attributed to an export-oriented policy and US economic aid.

A 50-year ban on direct trade and investment with China is lifted by Taipei.

Taiwan officially enters the World Trade Organization.

After China drops objections to Taiwan's participation in the World Health Organization, Taiwan states that it will lift its ban on investment from China.

Taiwan and China sign a free trade pact, making it one of the most significant agreements after nearly 60 years of separation. 

Formal channels are established to settle disputes by China and Taiwan after an investment protection deal is signed. China had become Taiwan's biggest trading partner, with bilateral trade worth $110 billion a year. 

The Cross-Strait services trade agreement is signed between Taiwan and China, allowing both sides to easily invest in one another's services market. 

For the first time in about 30 years, Taiwan experiences greater annual economic growth compared to China.