Ray Dalio

And around 1840, foreign powers came into China, and they wanted to trade and do things with China, and China didn't want to do that.

And so around that time,

They had the opium wars.

You may have heard that in history in which the Chinese at the time said, I don't want trade.

You don't have anything that I want.

And then they brought in opium that the Chinese wanted so that they would have this trade and whatever, and then militarily won and took over large parts of China, took control of that.

And in 1895, it was many foreign powers, and in 1895, Japan takes Taiwan.

Okay, fast forward.

You go into World War II, and after World War II, the winners of the war get to divide up the world and said who gets what, and Taiwan was given back to China.

That's 1945.

Then they have a civil war.

As usual, the left and the right, they fight each other.

And so the capitalists get kicked out by the communists, and they go to Taiwan, and they control Taiwan.

Okay, so everybody agrees that Taiwan is part of China, but they argue, who controls China?

The ones in Taiwan say, oh, we control China, and the ones in Beijing say, we control China, but everybody agrees with that.

50 years ago.

So that's a big issue in their mind because it's part of China.

And it's been told to them that it's part of China.

Taiwan's part of China.

But the capitalists, which is called the Kuomintang, they are living in Taiwan and they're not controlling it.