Posted inBeijingChinaEuropean UnionHong KongJapanNortheast AsiaSouth AsiaSouth KoreaTaiwanWorld

Taiwan walks away from China’s ‘dollar diplomacy’

In a diplomatic first, Taiwan severed ties with El Salvador earlier this week. Foreign Minister Joseph Wu cited the Central American nation’s request for an “astronomical sum” of financial aid as the reason. Typically, Taiwan is portrayed as the victim of China’s vise-like squeeze on its diplomatic allies, which are now reduced to just 17. […]