financetom
News
financetom
/
News
/
Explained: What is ‘One China Policy’ and where do countries stand on Taiwan?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Explained: What is ‘One China Policy’ and where do countries stand on Taiwan?
Aug 3, 2022 7:28 AM

Nancy Pelosi, the US House of Representatives Speaker, finally landed in Taiwan on Tuesday after months of speculation about whether the trip would go ahead or not. Pelosi’s visit to Taipei marks the first time in decades that a senior US leader has visited the self-governing Island.

In response, China has blamed the US for being needlessly ‘provocative’ and accusing the country of ‘playing with fire’. The world’s second-largest economy has already lodged a formal complaint with the US Ambassador to China, announced six live-fire military drills in areas surrounding the island, imposed trade sanctions on Taiwanese food and electronics, and upped the rhetoric surrounding the visit.

But the US on its part maintains that its policy towards China and Taiwan has not changed. Pelosi has stated that the visit was a routine Congressional visit, much like the one seen by several senators to Taiwan earlier in the year.

“Our visit is one of several Congressional delegations to Taiwan – and it in no way contradicts longstanding United States policy, guided by the Taiwan Relations Act of 1979, US-China Joint Communiques and the Six Assurances. The United States continues to oppose unilateral efforts to change the status quo,” read a statement from Pelosi and her delegation.

However, the Chinese Foreign Ministry in response to the visit has stated that Pelosi’s presence on the island was a "serious violation of the One China principle and the stipulations of the three China-US joint communiques.” The statement added that the visit “sent a seriously wrong signal to ‘Taiwan independence’ separatist forces.”

While the White House also maintains its adherence to the One China policy, it has not done much to convince the Chinese Communist Party (CCP).

“We are clear that nothing has changed about our One China policy which is guided by Taiwan Relations Act. We do not support Taiwan's independence," said US National Security coordinator John Kirby.

What is the One China Policy?

The One China Policy refers to the strategic ambiguity used by the US to have formal diplomatic relations with China, or the People’s Republic of China (PRC), while still maintaining significant informal relations with Taiwan, officially the Republic of China.

ALSO READ: Nancy Pelosi lands in Taiwan even as China thumps its chest

In 1949, at the end of the Chinese civil war, Mao Zedong’s communist forces ousted Chiang Kai-shek’s Kuomintang (KMT)-led government of the Republic of China (ROC). The defeated ROC forces escaped to Taiwan where they established their government. A communist invasion of Taiwan was prevented by the threat of US intervention which didn’t wish to see the island fall. But despite that, no armistice or peace treaty was ever signed between the two countries. China considers Taiwan as part of its sovereign territory and Taiwan considers itself essentially independent.

The PRC’s view of there being only one legitimate government of China, only one sovereign nation with the name of China, and that Taiwan is part of China is known as the One China Principle. Under the principle, the PRC is also opposed to the idea that any legitimate nation holds the name of China but also opposes the idea of Taiwanese independence in any form or shape.

While the ROC recognised the One China principle in 1992, it still officially (constitutionally) claims the territory of the preceding Chinese state, the Qing Empire. These territories include mainland China, Mongolia, and even parts of Afghanistan and other swathes of land. Opinion in Taiwan is divided over the One China Principle, with one camp only recognising the ROC as the legitimate government of China but supporting an eventual unification while the other camp denounces any claims to China but wants Taiwan to be formally independent.

What do other countries think?

When the ROC was defeated, the world at large didn’t recognise the PRC officially immediately. It was only in 1972 as part of the Three Communiqué that the US officially ‘acknowledged’ the PRC and ROC’s official position of there being only one China and the PRC being “the sole legal Government of China.” However, under the policy, the US did not reaffirm the PRC’s territorial claim on Taiwan itself while also not promoting Taiwanese independence. This strategic ambiguity allowed the US to legally recognise the PRC in 1979 under the Jimmy Carter administration at a time when China was opening up economically and socially. The US then passed the Taiwan Relations Act to still maintain all informal relations with Taiwan.

One of the requirements for any political entity to establish diplomatic relations with the PRC is for them to not legally recognise the ROC. As a result, only 15 countries today recognise the ROC. These include Belize, Guatemala, Haiti, Holy See, Honduras, Marshall Islands, Nauru, Nicaragua, Palau, Paraguay, St Lucia, St Kitts and Nevis, St Vincent and the Grenadines, Swaziland and Tuvalu. Even international inter-governmental organisations like the United Nations and the World Trade Organisation don’t officially recognise the ROC.

India, which was one of the first non-communist countries to recognise Zedong’s PRC in 1950, has also stuck by the One China policy. However, for India the One China Policy doesn’t just govern Taiwan but also Tibet. While India doesn’t recognise Taiwan or any Tibetan authority as independent of China, there has been a clamour for India to revisit its stance over China’s continuing aggression at Indian borders.

Lobsang Sangay, the Sikyong (President) of the Tibetan Government-in-Exile (TGiE) and Tien Chung-kwang, the former ROC Representative to India, attending the 2014 swearing-in ceremony of Prime Minister Narendra Modi has highlighted shifting winds in recent years. The government has also not officially reaffirmed the One China policy in its communique since 2010.

ALSO READ: Why US-China tension may escalate with Nancy Pelosi’s Taiwan stop

(Edited by : Sudarsanan Mani)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Oil Update: Russia
Oil Update: Russia
Mar 23, 2024
Brent Crude Oil News and Analysis Over 150 missiles and drones fired in latest attack on UkraineOil prices ease into the weekend despite attacks on energy infrastructureIG client sentiment focuses on recent changes in positioning to arrive at bearish biasThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our...
Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves
Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves
Mar 25, 2024
Japanese Yen (USD/JPY) Analysis BoJ minutes extend the ‘carry trade’ as officials rule out rapid rate hikesLike clockwork, Japan’s top currency diplomat voices dissatisfaction with recent yen volatility, weaknessIG Client sentiment ‘mixed’ despite massive short positioningThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library BoJ...
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances
Mar 25, 2024
Gold Whipsaws and Signals a Potential Momentum Shift The precious metal rose phenomenally in the wake of the FOMC meeting and updated summary of economic projections. The US dollar acted as the release valve for all the hawkish sentiment that had been priced into the market. US activity, jobs and inflation data printed on the higher side of estimates in...
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups
Mar 23, 2024
Most Read: U.S. Dollar Outlook Market Sentiment: USD/JPY, USD/CAD, USD/CHF The U.S. dollar, as measured by the DXY index, strengthened this past week, closing at its best level since mid-February on Friday. Despite initial losses following the Fed’s dismissal of renewed inflation risks and indications that it was still on track for 75 basis points of easing this year, the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved