What happened to the losers of the Chinese civil war?

The losers of the Chinese Civil War, primarily the Nationalist Party (Kuomintang or KMT), retreated to Taiwan in 1949 after being defeated by the Communist Party of China. In Taiwan, they established a separate government, maintaining their claim to be the legitimate government of all China. Over time, Taiwan underwent significant political and economic transformations, evolving into a democratic society. Meanwhile, the Communist Party established the People's Republic of China on the mainland.