Some of the posts in this thread suggest many people refer to "Taiwan" when they are actually describing communist-occupied portions of the mainland. This is like using the word "America" to refer to Canada, the USA, or Bolivia. And, communist China is as different from Taiwan as Canada is from Bolivia.
Taiwan is a free, democratic country, with a spirited (maybe TOO spirited) multi-party system, free elections, and legal protections for workers. The overall standard of living for blue collar workers in Taiwan is good, and rapidly getting better.
In contrast, the communist-occupied portion of China lives under a brutal dictatorship that imprisons and murders its citizens for such "crimes" as openly practicing their religion, or advocating free labor unions, or asking for free elections. Millions of Chinese citizens have been slaughtered by this government over the past five decades, and millions more languish in slave labor camps.
So, please, do not insult the people of Taiwan by confusing them with the Chinese communists. When you walk into a bike shop, some of the bikes will have decals saying "Made in the USA". Some will say "Made in Taiwan". Others will say "Made in China". Your choice.