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Buddhism becomes Mongolia's official religion.
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Taiwan becomes the second most profitable trading port in Asia, due to its ideal central location between Japan, China and southeast Asia.
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Taiwan is divided into two prefectures, north and south, Dutch and Spanish Taiwan.
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Taiwan is made a province of China and Liu Ming-chuan becomes its first governor.
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Bank of Taiwan established to encourage Japanese investment into Taiwan.
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Mongolia establishes an autonomus theocratic government.
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Mongolia's independence is proclaimed.
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Chinese divide Mongolia into northern, Outer Mongolia (see Glossary), and Southern, Inner Mongolia.
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Diplomatic relations established with the United States.
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Health Insurance in Taiwan begins.
