evidence: The People's Republic of China is commonly known as China and the Republic of China is commonly known as Taiwan. These are separate states with a shared history; China claims sovereignty over Taiwan. [...] The government of the Republic of China currently governs the islands of Taiwan, Penghu, Kinmen, Matsu and other minor islands. Its neighbours are People's Republic of China in the west, Japan in the northeast, and the Philippines in the south. [...] The Republic of China (ROC or Taiwan) is also an economic powerhouse with an industrialized, developed economy and high standard of living. The ROC is a member of the WTO and APEC, one of the Four Asian Tigers, and the 26th-largest economy in the world. It is a major manufacturer of electronic goods such as semiconductor chips, phones and computers. The ROC is ranked high in terms of freedom of the press, health care, public education and economic freedom.