October 8th, 2012
08:20 AM GMT
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(CNN) It is home to roughly 23 million people, living on a small island the size of Portugal. But economically, Taiwan punches well above its weight. Its electronics and machinery sector accounts for nearly 50% of its exports, yet it hasn't been immune from the global economic slowdown of the last few years. From semiconductors to saxophones, CNN takes a look at Taiwan’s economic machinery.

Filed under: BusinessOutlook Taiwan


soundoff (49 Responses)
  1. Marco Hsiao

    [It is the Republic of China, OK!]

    "Republic of China" (ROC) is the official name for Taiwan Island; every ID card, passport, government unit and military unit in Taiwan using the name "Republic of China". This is the basic knowledge. (CNN should not change other country's name). The Republic of China confronts "People's Republic of China" for 63 years; expelling Communism from Mainland China and restoring China as greatest country on the earth is the national goal, she is winning.

    10th October is the national day of ROC in Taiwan, because revolution on 10th October of 1911 (Wuhan in Mainland China) overthrew the Qing Dynasty. So this year is 101st years for ROC. Sun Yatsen is the founding father of ROC; his portrait is on the currency notes of ROC Taiwan. The national flag of "Republic of China" had been used in Mainland China.

    Now Acer, Asus, hTc, TSMC (Taiwan Semiconductor Manufacturing Company), Formosa Plastics Group, and Hon Hai Precision Industry (Foxconn) are the famous (civilian) enterprises of ROC Taiwan; although the US media only emphasize the negative events of Foxconn, in reality it is largest civilian enterprise of Chinese world; it has most employees on manufacturing in the world.

    October 10, 2012 at 12:37 am |
  2. Erin

    Actually, I think CNN is right that use Taiwan instead of the Republic of China. Although Republic of China is the official name for Taiwan Island , most people lived in Taiwan will call our own country Taiwan, not ROC. Maybe you can try to ask some Americans "do you know the Republic of China?", no one (or a few ) can give you right answer. But when you ask them "do you know Taiwan?", I think most of them will tell you "YES".

    October 10, 2012 at 2:50 pm |
  3. En Chen

    although most of foreigners don't know what is Republic of China.But there is no single word refering to Republic of China in the film.i think it a little offends nationals who live in Taiwan.Because Republic of China is a formal name not Taiwan.

    October 11, 2012 at 3:16 pm |
  4. jak

    Make money with Facebook
    http://tiny.cc/r3o3lw

    October 13, 2012 at 6:51 am |
  5. Rick

    I like Taiwan at least they didn't steal few islands like some other country.

    October 13, 2012 at 7:46 am |
  6. alex m. hsieh

    This has been as one of the most controversial issues and topic everyday between local Taiwanese residents and Chinese (they immigrated from the Mainland China after KMT was defeated by Mao-teh-Don communists around 1945.
    Mainly, the name of ROC was created by Koumingtang (KMT) since they escaped from communists China, and expelled from member of the United Nation in 1979. the factors are factors, 90% of Taiwanese have never intentioned to use the name of ROC or recognized ourseleves as a Chinese ID. it's totally as a political motivated by the ruling government, Mr.Ma. we are shameful to read the name of "ROC" on the papaers wherever we saw or forced to use it.

    October 18, 2012 at 2:53 am |
  7. Giuliana Diaz

    Honestly speaking I think Taiwan is a great place to live and stay. I had the opportunity to work and live there for 1 year and I had an amazing experience, I heard about the controversial phrases that Taiwan belongs to China, but how about if we accept that Taiwan is an amazing island who lives in peace and giving opportunities to other people from different countries of the world? The life in Taiwan is secure, healthy and with a lot of things to discover, is really important to question if Taiwan is under the ownership of China? R.O.C. or not for me Taiwan will be always a free place to live and enjoy life...

    October 18, 2012 at 5:21 pm |
  8. senson

    Taiwan belongs to China

    October 22, 2012 at 1:44 am |
  9. American Goy

    Mainlanders suck, they always stink up asian internet forums with their stupid brainwashed opinions. And now they are doing it to the West too. fuuuuuck mainlanders.

    October 23, 2012 at 5:26 am |
  10. fox news

    David Karuri the current CEO of raptor global corporation, had committed his company invest think 300,000,000 euros, in joint energy programs with United Nations International Development Fund

    October 29, 2012 at 2:24 am |
  11. fox news

    David Karuri, the raptor global CEO, has today committed his corporation to investing 300,000,000 euros in a joint project with the United Nations International development agency

    October 29, 2012 at 2:27 am |
  12. Je.

    I love Taiwan <3

    October 31, 2012 at 9:25 am |
  13. icons designs

    Prompt, where I can find more information on this question?

    November 3, 2012 at 12:48 pm |
  14. Mirko

    Hello I absolutely dig your arltcie and it was so commendable thus I am definetly going to save. I Have to say the Superb analysis you have done is greatly remarkable . No one does that additional research these days? Bravo . Also another advise to you is that you definetlyinstall any Translator Application for your Worldwide Readers

    November 3, 2012 at 3:14 pm |
  15. saintgoody

    I'd experienced living in Taiwan for almost three years and it' s a small, wonderful, friendly, and peaceful country and I don't think China is the same with it.

    November 8, 2012 at 9:19 am |
  16. Elena Yang

    God bless Taiwan! ^_^

    - Mainland Chinese

    November 9, 2012 at 4:01 am |
  17. Joe

    @American Goy You are the only one using dirty words and offensive here..

    November 9, 2012 at 9:36 am |
  18. GrassMudHorse

    More going on in Taiwan lately: http://mirandahuangscandal.com/

    November 12, 2012 at 7:40 pm |
  19. gaber

    Awesome secret

    November 13, 2012 at 11:38 am |
  20. Tailese

    Actually Taiwan has a strong ability in global economy,though the government doesn't show its strength.

    November 19, 2012 at 3:14 am |
  21. Jason

    I approve the economy of Taiwan.Saxophone is very funny.

    November 19, 2012 at 3:24 am |
  22. Jason

    I wish that Taiwan will be preferable in the future.

    November 19, 2012 at 3:30 am |
  23. kcfcllm

    umm......
    Taiwan is a nice place that the people who have never been to won't realize.
    I hope people all of the world can enjoy Taiwan's beauty.

    November 20, 2012 at 12:58 am |
  24. Peter

    Nothing can change my love to Taiwan. I grow up here, and I'm proud of Taiwan.

    November 20, 2012 at 1:00 am |
  25. E Chen

    Though Taiwan is crowded with people, they are all friendly to others.
    Maybe many people think Taiwan is a small place but you may not know there are many kinds of good things in here.

    November 20, 2012 at 1:03 am |
  26. Max

    There are so many food in taiwan,i love them .

    November 20, 2012 at 1:09 am |
  27. Adal Murtaza Awan

    War videos

    November 26, 2012 at 3:43 pm |
  28. JAMES

    Taiwan is the best

    November 26, 2012 at 5:20 pm |
  29. Joseph.H

    Although Taiwan has some advantage like better environment in chip manufacturing or something else,
    but we have to notice that the mainland China is also growing up and their technology will be better than before soon,so we have to turn ourselves into a country which is always developing those high-technology.

    November 27, 2012 at 12:00 am |
  30. S Y

    Taiwan does NOT belong to China.

    November 29, 2012 at 6:11 am |
  31. m.s.mohamed ansari

    And say, "Truth has come, and falsehood has departed. Indeed is falsehood, [by nature], ever bound to depart."

    Indeed, to Allaa belongs the dominion of the heavens and the earth Billon of universe; He gives life and causes death. And you have not besides Allaa any protector or any helper. Only Allaa Akbar

    PLEASE IGNORE WAR SAVE GLOBAL ECONOMIC

    Improve Economy only by 6 points. Peace, prayer
    Liberty, Unity, friendly And simplicity.

    Sub: Prosecution of previous President Mr. George W.Bush, for violation of International Code of Conduct.
    Mr. George W.Bush, the previous President of United States of America, initiated a war against IRAQ, without obtaining the previous sanction of United Nations Organization (UNO) on the pretext of having nuclear weapons, even though the then IRAQ government openly exhibited to the whole world that it has no nuclear weapons.
    According to the CNN WORLD report, in the war 6, 75,000 civilians killed, 7500 troops of USA and its allied forces killed .3 25 000 people wounded and $ 3.5 Trillion Dollar spent for the war. This spending of $ 3.5 Trillion Dollar is the main cause of action for the present economic crises prevailing all over the world.
    After winning the war against IRAQ, the United States of America’s President Mr. George W.Bush, also admitted the same fact, and he openly stated that the Intelligence agency misguided him.
    Later on, even the United Nations Organization (UNO) also certified that the IRAQ has no nuclear weapons.
    M.S.MOHAMED ANSARI

    December 2, 2012 at 6:16 am |
  32. krystel

    i work in taiwan for 4yrs,,taiwan is the best country for me..eventhough i don't know the history!!i enjoy working and staying in taiwan..i wan't to go back taiwan again!!i learn a lot of thing's in taiwan..godbless taiwan!!

    December 13, 2012 at 11:54 am |
  33. thornbird

    TaiWan belongs to china

    December 17, 2012 at 2:32 am |
  34. thornbird

    And I hope TaiWan and Mainland can be preferable and sympathize with each other in the future.

    December 17, 2012 at 2:38 am |
  35. yain

    Taiwan is Taiwan,China is China. It's different.Look at the flag! This is the truth.

    December 21, 2012 at 6:33 am |
  36. Squall

    someyone says taiwan dose not belong to china,so ,why they all speak mandarin,use the same chinese characters, and recognize the same culture?

    December 21, 2012 at 2:38 pm |
  37. Rich Chuang

    So if u say Taiwanese n Chinese ppl all speak Chinese, so Taiwan must belong to China!!! How about Brazil? Brazilians speak Portuguese. So they must belong to Portugal? They have no right to independent? n how about USA? Ppl speak English? Why u don't blame them cuz they independent? How about Mexico? Ppl speak Spanish? Why u don't blame them also? Foolish reason!!! That totally wrong idea!!
    Im Taiwanese, I love Taiwan , I love Republic of China!!!!! :D

    December 22, 2012 at 9:17 am |
  38. Sudha

    Visited Taiwan for the first time in October. I really liked the people who were very friendly and helped us everywhere. There were just two bad apples, one was the post office clerk in the main Taipei station who refused to change our money and another small restaurant that overcharged us. But overall, everything was very efficient and the subway system is fabulous. The wide variety of food and tropical fruits were delicious . I would certainly visit Taiwan again.

    December 28, 2012 at 10:25 am |
  39. Nila

    I didn't know Portugal is that small. Taiwan is less than half the size of Portugal!

    December 31, 2012 at 9:10 am |
  40. forrest

    well....usa-won't-allow-state-of-california-to-be-independent....

    January 2, 2013 at 5:11 am |
  41. vancouverbanker

    I visited Taiwan in November of this year. Mostly stayed around Taipei. The people were extremely friendly. LOTS of Mainland tourists around though so I can see how important China is to the tourist industry in Taiwan. Honestly didn't feel the high energy that I feel in Shanghai, HK, and Tokyo though. Food is meh, but that's a personal taste.

    January 3, 2013 at 1:28 am |
  42. JD

    Hmmm. China owns Taiwan? Then China elects Taiwan official? No! Then China governs Taiwan? No! Then they both can vote in each others elections? No! So they share the same currency? No! So, they don't need visas to travel between them? No! Hmmm, I know they have the same laws? No! Of course any idiot knows that one is Communist and the other is a Democracy... so, if Taiwan does belong to China, then why don't they have any important similarities between them? Probably because China has more soldiers than Taiwan does people. Bully!

    January 3, 2013 at 4:10 pm |
  43. IOC

    Taiwan belongs to china ,no one can change the truth. stupid cnn.

    January 5, 2013 at 11:42 am |
  44. KEN. C.

    I live in Taiwan. I am Taiwanese. That's it.

    January 7, 2013 at 3:33 am |
  45. dz ray

    humanity and equality for migrants workers.............. philippine ,vietnam., thailand...be fair to all

    January 8, 2013 at 4:25 am |
  46. dz ray

    do you know how much the salary in taiwan migrant workers? that why taiwan is rich

    January 8, 2013 at 4:30 am |
  47. Paul

    Products made in Taiwan actually work unlike the rubbish that comes out of China.

    January 8, 2013 at 11:53 pm |
  48. billy lin

    i was born in taiwan and i am really proud of my country! it is welcome for friends from all over the world to visit taiwan and you will broaden your eyes! however, it is definitely that taiwan and china are "not" the same country no matter from history background or location etc.

    January 18, 2013 at 11:54 pm |
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    January 23, 2013 at 3:56 am |

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