Separated historical, geographical, economic, political, and social processes on the two sides of the Taiwan Strait have formed two entirely different political, economic and cultural entities. However, up to now, the governments in Beijing and Taipei have not yet found a common language regarding the questions related to Taiwan’s sovereignty. Whereas for the government in Beijing, Taiwan is an inalienable part of the People’s Republic of China, the government of the Republic of China who has actually been ruling Taiwan for almost 70 years, regards it as a sovereign, independent country. How to find a manageable political consensus that would please both parties remains a key question. The present article will outline the recent dynamics and illuminate the obstacles on the road toward long-term peace and stability in the Taiwan Strait.