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Beijing already considers Taiwan just that, i.e. a breakaway province. So I'm not sure what you mean by the last sentence, i.e. in the eyes of whom...– time takes its tollCommented Sep 18, 2019 at 14:14
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@Fizz: Yes. But if TAIWAN itself gives up the name of "Republic of China" then Taiwan would be tacitly acknowledging that it is not China but a province that has a different government. It makes some difference in the linguistic/diplomatic circle. Makes no difference at all in the real world, as Taiwan is really protected by its military, financial strength, its place in the global supply chain, its alliance with Japan and the USA.– dolphin_of_franceCommented Sep 18, 2019 at 14:16
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1@Tuomo: I assure you I did read it properly. If Taiwan declared itself a country under some other name it would not be a "break away province" in its own view. It would give up on its territorial claim for mainland China though. See en.wikipedia.org/wiki/…– time takes its tollCommented Sep 18, 2019 at 15:03
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3@Fizz I tried to verify your answer was not too political. Please consider my separate comment of the diminished bargaining power of Taiwan. Although the countries around the Japan/China/South Japan seas are not known as "huge gurus in REALPOLITIK en.wikipedia.org/wiki/Realpolitik, the Taiwanese voters are well educated, and I am pretty sure they think "a bit of realpolitik" and would give up their "territorial claims for mainland China" if PRC would recognize them as an independent nation, set up an embassy in Taipei, and similarly welcome Taiwan to set up their embassy in Beijing.– TuomoCommented Sep 18, 2019 at 15:30
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4@Fizz: the point you are missing is, I tried to answer the OP's question. Would the dispute be solved. No. It would not be solved. China wants to take over Taiwan. The best "offer" they are willing to entertain is the "Hong Kong" model, which is clearly a hard sell given what's happening in Hong Kong. So if Taiwan says hey we are chaning our name, we are going our separate way. It would be a declaration of independence, or THE RED LINE for china. Such a move could have been pulled 30, 40 years ago. All too late now.– dolphin_of_franceCommented Sep 18, 2019 at 18:01
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