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The '''Kuomintang of China''' ('''KMT'''), also known as the '''Guomindang''' or '''Chinese Nationalist Party''', is a conservative party currently active in the [[Republic of China]] on [[Taiwan]]. It supports pan-[[Chinese nationalism]], [[democracy]], [[Chinese reunification]], and [[capitalism]] under the doctrine of the [[Three Principles of the People]].
The '''Kuomintang of China''' ('''KMT'''), also known as the '''Chinese Nationalist Party''' and '''Guomindang''', is a conservative party currently active in the [[Republic of China]] on [[Taiwan]]. It supports pan-[[Chinese nationalism]], [[democracy]], [[Chinese reunification]], and [[capitalism]] under the doctrine of the [[Three Principles of the People]].
In 1912 the Qing dynasty was overthrown by the [[Revolutionary Alliance]], led by a doctor named [[Sun Yat-sen]] who had been living in the United States. Perhaps inspired by what he saw in America, Sun led the Nationalist Party known as the '''Guomindang''' ('''KMT'''), to become the first leader of the new republic of China. Sun quickly turned over power (after only 6 weeks) to [[Yuan Shiakai]], who then ruled as a military dictator. China’s GDP at this time accounted for 27 percent of the world’s total. By 1923, the percentage dropped, but still was as high as 12 percent. In 1949, when the CCP took control, the percentage was 5.7, but in 2003, China’s GDP was less than 4 percent of the world’s total.
In 1912 the Qing dynasty was overthrown by the [[Revolutionary Alliance]], led by a doctor named [[Sun Yat-sen]] who had been living in the United States. Perhaps inspired by what he saw in America, Sun led the Nationalist Party known as the '''Guomindang''' ('''KMT'''), to become the first leader of the new republic of China. Sun quickly turned over power (after only 6 weeks) to [[Yuan Shiakai]], who then ruled as a military dictator. China’s GDP at this time accounted for 27 percent of the world’s total. By 1923, the percentage dropped, but still was as high as 12 percent. In 1949, when the CCP took control, the percentage was 5.7, but in 2003, China’s GDP was less than 4 percent of the world’s total.