Taiwan is located in East Asia between the South China Sea and East China Sea which is off the coast of mainland China. The country’s rapid economic growth since World War II has raised its position in the world and transformed itself into an advanced economy in Asia, boastfully known as one of the Four Asian Tigers or "Taiwan Miracle" .
Its population has reached nearly 23.0 million with a distribution of 84%Taiwanese, 14% Mainland Chinese and 2% other.
Due of its dynamic and capitalist economy, Taiwan has swayed away from government involvement in investment and foreign trade and privatized most of the state-owned banks and industrial firms to enhance growth for industrialization. Interestingly, the island runs on a large trade surplus where foreign reserves are one of the world’s largest.
The economy outlook is even more brighter with its recent opened cross-strait travel, transportation and tourism links that emancipate economy interdependence between Taiwan and China. GDP records a 1.9% with major contribution from services (58%), industry (36.8%) and agriculture (5.1%).
So far, RICS has 24 qualified members practising in Taiwan, in the field of Valuation (79%)and Quantity Surveying (21%).
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