Taiji (Chinese: 太極; Wade-Giles: T'ai Chi), short for T'ai chi ch'üan or Tàijí quán (太極拳), is an internal Chinese martial art practiced for both its defense training, its health benefits and meditation. The term taiji is a Chinese cosmological concept for the flux of yin and yang, and 'quan' means fist. So, etymologically, Taijiquan is a fist system based on the dynamic relationship between polarities (Yin and Yang). Though originally conceived as a martial art, it is also typically practiced for a variety of other personal reasons: competitive wrestling in the format of pushing hands (tui shou), demonstration competitions and achieving greater longevity. As a result, a multitude of training forms exist, both traditional and modern, which correspond to those aims with differing emphasis. Some training forms of taijiquan are especially known for being practiced with relatively slow movements.
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These "generalized" introductions are excerpts from Wikipedia.com