Chinese Taipei is the designated name used by the Republic of China (ROC), commonly known as Taiwan, to participate in some international organizations and almost all sporting events, including the Olympics, Paralympics, Asian Games, Asian Para Games and FIFA World Cup.
International organizations commonly employ the term "Chinese Taipei" at the agreement of both the ROC and the People's Republic of China (PRC), commonly known as China, because it is ambiguous about the political status of Taiwan. The PRC opposes the use of the official name "Republic of China" or the common name "Taiwan" for the country because it would imply an acceptance of Taiwan as a sovereign state. Meanwhile, the ROC opposes the use of the designation "Taiwan, China" because it would imply the ROC's status is subordinate to the PRC.
Read more about Chinese Taipei: Origins, Translation Compromise, Use of The Name, Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu, Other References To The Republic of China