taiwanTaiwan - Politics, Economy, Culture: In March 2000 Chen Shui-bian of the opposition DPP won the presidential election. This was a watershed event; the KMT had been in power for more than half a century. Some hailedIn 1949 after being defeated by Mao Zedong's communist forces, the Republic of China government fled and moved its capital to Taiwan, and Republic of China remains