Or rather how much power they have to force their views internationally, even when those views are objectively unreasonable.
Here's another recent example: https://www.reuters.com/lifestyle/fast-furious-star-john-cen...
https://freebeacon.com/media/nyt-quietly-scrubs-chinese-prop...
This dissension eventually came to a compromise when the term "Chinese Taipei" was first proposed in the Nagoya Resolution in 1979, whereby the ROC/Taiwan and the PRC/China recognize the right of participation to each other and remain as separate teams in any activities of the International Olympic Committee and its correlates. This term came into official in 1981 following a name change of Olympic Committee of the ROC to Chinese Taipei Olympic Committee.
Edit: great job downvoting when it doesn’t fit your narrative
If Taiwan does declare independence, the PRC will start a war over it about 5 minutes later. Or at least there's a high enough chance of a bloody, crippling (for Taiwan) war that a declaration would be foolish, even if it's what Taiwan really wants.
Citing one of the many compromises made because of that fact doesn't really justify the situation.
The PRC has been poor, but it's never been weak. Remember: it fought the US and its allies to a standstill in the 50s.
And this "compromise" was made when China was on the upswing and was beginning to have the ability to force the international isolation of Taiwan.