Chinese government has announced that it has established diplomatic ties with the Dominican Republic in the Caribbean, which in turn cut its ties with Taiwan.
Taiwanese media severely criticized China, reporting that the Chinese government pledged 3-billion dollars in loans to the Dominican Republic.
Chinese Foreign Minister Wang Yi and his Dominican counterpart, Miguel Vargas, gave a joint news conference in Beijing on Tuesday, disclosing that the 2 countries have formed diplomatic relations.
In a joint statement, the Dominican Republic said that “there is only one China in the world.” It severed diplomatic ties with Taiwan on the day.
Taiwan’s media quoted Taiwan officials as saying that the Chinese government promised to extend 3-billion dollars in loans for developing infrastructure, including railways and highways.
The sum would account for more than 20 percent of the island nation’s annual state budget. Taiwan is severely criticizing the Chinese government for promising such a huge loan package in order to establish diplomatic ties with the Dominican Republic.
As a result, Taiwan is left with diplomatic ties with only 19 countries — the smallest number ever. The Chinese government is seen to be applying increasing diplomatic pressure to isolate Taiwan’s Tsai Ing-wen government.