If the United States explicitly and formally recognizes the Republic of China as a sovereign state independent from any previously recognized country after Issuance and before Jan 20, 2029, the market resolves to Yes. This could include: opening a U.S. embassy with the Republic of China, accepting an ambassador from the Republic of China, including the entity as an independent country in U.S. Department of State country lists, or signing a formal treaty, bilateral agreement, or communique that explicitly identifies the Republic of China as an independent and sovereign state. <p>Merely acknowledging a governing authority exists, without recognizing its authority, is insufficient to resolve the market to Yes. Establishing a consulate or liaison office without the formal status and language of recognition does not qualify. Trade offices, cultural centers, or other non-embassy missions are insufficient. Participation alongside the entity in international conferences, humanitarian aid missions, or multilateral forums does not in itself constitute recognition as a sovereign state. Nor does U.S. abstention or vote in an international organization automatically equate to bilateral recognition.</p> This market will close and expire early if the event occurs.