By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Taiwan loses diplomatic recognition of Nauru in wake of election
News

Taiwan loses diplomatic recognition of Nauru in wake of election

News Room
Last updated: 2024/01/15 at 5:00 AM
By News Room
Share
5 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Taiwan has lost one of its few diplomatic allies after Nauru switched recognition to Beijing, a sign of increasing Chinese pressure on the country after it elected Lai Ching-te its new president.

The Pacific island nation’s move on Monday came two days after Lai from the ruling Democratic Progressive party, denounced by Beijing as a dangerous separatist, won presidential elections.

China’s foreign ministry said Beijing “appreciates and welcomes” Nauru’s switch of diplomatic recognition.

Taipei called the shift a malicious attack by China, which claims Taiwan as part of its territory and has sought to isolate it internationally. Taiwan’s foreign ministry said Nauru, which began talks with China on establishing formal ties last year, tried to extract “huge” financial aid from Taipei by comparing its aid with far larger promises from Beijing.

China “particularly chose to put this into motion at the key moment when we completed our democratic elections”, said Tien Chung-kwang, Taiwan’s deputy foreign minister. “Their motive is to deal a blow to the Taiwanese people’s confidence in the democracy and freedom we should be proud of. That nakedly displays the true nature of communist totalitarianism.”

Nauru’s change of ties reduced the number of countries that recognise Taiwan as a sovereign independent state to just 12.

Taiwan’s president-elect Lai Ching-te and vice-president-elect Bi-khim Hsiao meet an unofficial delegation of US officials in Taipei
Taiwan’s president-elect Lai Ching-te, centre, and vice-president-elect Bi-khim Hsiao, third right, met an unofficial delegation of US officials in Taipei on Monday © Democratic Progressive party/AP

The announcement also came as an unofficial US delegation held talks with Lai and other political leaders in Taipei. The delegation included former national security adviser Stephen J Hadley, former deputy secretary of state James B Steinberg and Laura Rosenberger, chair of the American Institute in Taiwan, Washington’s quasi-embassy in Taipei.

“I hope the US will continue to support Taiwan, deepen Taiwan-US mutually beneficial co-operation in various areas and safeguard regional peace and prosperity together with its democratic partners,” Lai said on meeting the mission. Washington sent similar groups following the elections in 2000 and 2016.

Poaching Taiwan’s diplomatic allies is a tactic China has used extensively against outgoing president Tsai Ing-wen and former president Chen Shui-bian, both from the DPP, which Beijing detests because the party refuses to define Taiwan as part of China.

Under former president Ma Ying-jeou of the opposition Kuomintang, which says Taiwan belongs to China although it disagrees with Beijing over which state should rule that nation, Beijing suspended those efforts.

Last year, Honduras cut ties with Taiwan in favour of China, following other countries in the region including Nicaragua, El Salvador and Panama, but Taipei retained the allegiance of Paraguay, where relations with the island had become an election issue.

Shi Yinhong, an international relations professor at Renmin University in Beijing, said the timing of the Nauru measure suggested it was intended to punish Taipei for Lai’s victory.

“It could be China’s first major retaliation against the newly elected Lai Ching-te administration,” Shi said.

He added that after the president’s inauguration on May 20, China would probably continue or even step up its pressure campaign against the DPP.

“Beijing is not even giving Lai Ching-te a ‘probation period’ to wait and assess what he will say in his inaugural address,” said James Chen, a foreign relations expert at Tamkang University in Taipei who advised KMT presidential candidate Hou Yu-ih during the campaign. “These moves will definitely continue.”

Additional reporting by Wenjie Ding in Beijing

Read the full article here

News Room January 15, 2024 January 15, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Here’s why Fed rate cuts beyond October are uncertain.

Watch full video on YouTube

Workers Are Getting More Productive. How Will Fed Policy Change?

Watch full video on YouTube

Gold prices on the move, Tesla set to report earnings after the bell

Watch full video on YouTube

How AI Is Killing The Value Of A College Degree

Watch full video on YouTube

The 200-Year-Old Secret: Why Preferred Stock Is The Ultimate Fixed Income Hybrid

This article was written byFollowRida Morwa is a former investment and commercial…

- Advertisement -
Ad imageAd image

You Might Also Like

News

The 200-Year-Old Secret: Why Preferred Stock Is The Ultimate Fixed Income Hybrid

By News Room
News

US steps up blockade of Venezuela by seeking to board third oil tanker

By News Room
News

Fraudsters use AI to fake artwork authenticity and ownership

By News Room
News

JPMorgan questioned Tricolor’s accounting a year before its collapse

By News Room
News

Delaware high court reinstates Elon Musk’s $56bn Tesla pay package

By News Room
News

How Ford’s bet on an electric ‘truck of the future’ led to a $19.5bn writedown

By News Room
News

Which genius from history would have been the best investor?

By News Room
News

How Friedrich Merz’s EU summit plan on frozen Russian assets backfired

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?