1992 Consensus

The 1992 Consensus is an agreement reached between representatives from Taiwan and China, stating that there is only one China, but each side can interpret what that means independently. It helped reduce tensions by allowing both to acknowledge one China’s existence while maintaining their respective positions. Essentially, it created a common understanding to promote dialogue and cooperation, even though both sides still hold different views about sovereignty. The consensus has played a significant role in cross-strait relations, though its acceptance and interpretation remain politically nuanced.