fringe: an ornamental border consisting of short lengths of hanging threads or tassels
edging: border consisting of anything placed on the edge to finish something (such as a fringe on clothing or on a rug)
kuomintang: the political party founded in 1911 by Sun Yat-sen; it governed China under Chiang Kai-shek from 1928 until 1949 when the Communists took power and subsequently was the official ruling party of Taiwan