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You may mistake the Five-colored Flag(1912-1928, Republic of China) for the Five-Stars-Red Flag (1949-, People's Republic of China). The larger star on the Five-Stars-Red Flag represents CCP and the smaller four stars represent four occupations most esteemed by CCP including workers, peasants, intellectuals and Businessmen. That's a typical Maoist idea. The Five-colored Flag (aka. Five Races Under One Union Flag) was the National Flag of Republic of China in 1912-1928, used by KMT government to represent “五族共和"（literally "five ethnic groups together in harmony"), one of the major principles upon which the ROC was originally founded. This principle emphasized the harmony of the five major ethnic groups in China as represented by the colored stripes of the Five-Colored Flag of the Republic: the Han (red), the Manchus (yellow), the Mongols (blue), the Hui (white), and the Tibetans (black).