This aim of this article is to provide a historical analysis, which helps to understand the influence of utilizing Chinese Taipei in the Olympic movement reflected in Taiwan's history before and after the signing. It starts by looking at the 'Two Chinas' issue in the Olympic movement raised by KMT's retreatment to Taiwan after 1949. Secondly, it offers the illustration of the emergence of Chinese Taipei, which helps Taiwan be able to participate in the international sport system. Finally, the attention is devoted to an understanding of implications of utilizing the title of Chinese Taipei, which may or may not satisfy needs of two sides between the Taiwan Strait.