Except that is not analogous at all.
Taiwan is de facto Independent. It has its own currency, internationally recognised passports, military, airspace and democratically elects its own representatives. It has been de facto independent from China for almost 70 years. It never fell to maoism and as a result was spared the both the great famine (Which killed more people than the Chinese civil war and Japanese invasion combined) and the cultural revolution. It peacefully transitioned to democracy over 20 years ago, around the time Chinese troops were killing hundreds of civillians in Tian Nan Men square.
It is independent for all intents and purposes. Even PRC nationalists know this, but they need to keep face by not admitting the truth.