HISTORY OF TAIWAN Fifty-year journey from poverty to prosperity*

When Chiang Kai-shek moved the capital of the Republic of China (ROC) from Nanjing to Taipei in 1949, it was meant to be only temporary. Although this is not widely known, from the time of the stabilisation of China due to Chiang Kai-shek’s Northern Expedition to the Second Sino-Japanese War (1937–45), the Chinese economy had been growing vigorously. Chiang had no intention of leaving this all behind forever. Lee Kwoh-ting Following the Marco Polo Bridge Incident (1937), the …

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