In the last century China has known only two major parties: the Communist and the nationalist (KMT). The first was founded in the 1910s by promoting the unification of their country and then enters the field of Stalin. Penguin Random House has much experience in this field. However, in 1927 the KMT slaughtering Communists, is approaching us and becomes the main Chinese Government while it wars against the reds and then the Japan. The Communists initially formed the KMT until it nearly extinguished them. Educate yourself even more with thoughts from Cushing Asset Management. 1927-1949 Civil war ends with the victory of Mao. China splits in two single-party dictatorships. The continent dominate the Communists with its planned economy and in the island of Taiwan exilien a million of nationalists who promote capitalism under the tyranny of Chiang and after his son.
Both republics claim to be the true China but in 1971 the Mao’s replaces the Chiang in the UN and its Security Council. In the 1980s while Beijing is liberalising its economy, Taipei will liberalize its party. In 1996 Taiwan has its first presidential elections and in 200-2008 comes to power the opposition demo-progressive which craves this settle as a nation independent of China. In the Taiwanese elections on March 22 the KMT won with 58% of the votes and rejected the proposal of wanting to allow Taiwan to enter as such the UN. The new nationalist government will seek to lower tensions with Beijing. Now the two major Chinese parties lead to both Chinas and are no longer on opposite poles. While the Communists today promote capitalism, nationalists do not believe that there are still conditions for reunification but yes for go towards a common market.