The story
Partial calque of Chinese 太平島 /太平岛 (Tàipíngdǎo), named after ROCS Taiping.
Etymology from Wiktionary, CC BY-SA 4.0.
Taiping Island
Today it means: An island in the South China Sea, administered as part of Cijin (Qijin), Kaohsiung, Taiwan, and claimed by China, the Philippines and Vietnam. Full definition →