Final answer:
Taiwan is seen by China as a breakaway province under its 'One China' policy, yet operates with de facto independence. The U.S. balances supporting Taiwan's democracy with maintaining relations with China. This delicate geopolitical tension is accompanied by strong trade ties and international presence for Taiwan.
Step-by-step explanation:
Political Status of Taiwan
The current status of Taiwan in the eyes of the Chinese government remains a longstanding and delicate issue. Taiwan operates like an independent country, with its own government, economy, and a thriving technological sector. However, China claims sovereignty over Taiwan, considering it a breakaway province. This claim is fundamental to the 'One China' policy that Beijing upholds, stating there is only one China, which includes Taiwan.
The United States has historically supported Taiwan's economic independence and continues to do so through trade relations and military arms sales. This has led to diplomatic tensions, as China has expressed strong opposition to any form of Taiwanese independence. The U.S. maintains a complex relationship with both China and Taiwan, offering support to Taiwan's democracy while seeking to maintain a positive relationship with China for various strategic reasons.
Despite the political contention, trade between China and Taiwan is robust, and Taiwan competes internationally under the name 'Chinese Taipei.' Yet, China's firm stance on its 'One China' policy and military posturing across the Taiwan Strait continues to signify the volatility surrounding Taiwan's political status.