Breaking News
1. Massive avalanche hits mountains around Kedarnath Temple.      2. Anasuya Bharadwaj says Vijay Deverakonda’s publicist paid trolls to abuse her.      3. Italian MP makes history by breastfeeding baby in Parliament.      4. DRDO successfully flight-tests 'Agni Prime' ballistic missile off Odisha coast.      5. UGC NET June 2023 exam dates for Phase 1 released.      6. Chris Licht steps down as CNN CEO.      7. Dreams of Barcelona Fans Shattered: Lionel Messi Joins MLS Side Inter Miami      8. Mukhtar Ansari's aide Sanjeev Maheshwari alias Jeeva was shot dead outside Lucknow civil court.      9. Air India sends plane 'with food, essentials' for passengers stuck in Russia.      10. Dua Lipa victorious after lawsuit against "Levitating" gets dismissed.      11. Netherlands PM expected to visit India in September 2023.      12. Russia begins naval exercises in Baltic Sea one day after NATO.      13. Pakistan secures $4-billion external funding, hopes for IMF deal soon.      14. Serum Institute gets interim relief in ₹100 crore defamation lawsuit.      15. Rajasthan CM says that UNESCO should designate Jodhpur as a world heritage city.      16. BJP Chief JP Nadda says Rahul Gandhi is running shopping mall of hate.      17. Edtech Start-Up Byju's Faces Deadline For $40 Million Payment Of $1.2-Billion Loan: Report      18. Sakshi Malik withdraws from wrestlers' protest.      19. Edtech Start-Up Byju's Faces Deadline For $40 Million Payment Of $1.2-Billion Loan      20. Odisha Train Accident: Kharge Writes To PM Modi, Asks 'Why Were Grave Red Flags Ignored'     

China Establishes Ties with Honduras, Taiwan Criticizes Dollar Diplomacy

  • Posted on March 26, 2023
  • By Al soyma
China Establishes Ties with Honduras:-

China has opened diplomatic ties with Honduras, much to the disappointment of Taiwan, which has criticized the monetary demands Placed on the Central American nation by China.

On Thursday, the Honduran government announced that it was severing ties with Taiwan and establishing formal diplomatic relations with China, marking another diplomatic win for Beijing in its global efforts to isolate Taiwan, which it regards as a breakaway province.

China Establishes Ties with Honduras
China Establishes Ties with Honduras

The decision comes after months of negotiations between the two countries, which have seen China offering significant economic incentives to Honduras in exchange for establishing diplomatic ties.

According to reports, China has promised to provide Honduras with up to $1 billion in financial assistance, as well as investments in infrastructure projects and other economic benefits. In return, Honduras has agreed to support China's "One China" policy, which asserts that there is only one China and Taiwan is a part of it.

Taiwan's Ministry of Foreign Affairs has criticized China's "dollar diplomacy," accusing Beijing of using economic incentives to pressure countries to sever ties with Taiwan. In a statement, the ministry said, "We strongly condemn the Chinese government's irrational behavior of using economic coercion to push Honduras into cutting ties with Taiwan."

Taiwanese officials have also expressed concern that the loss of Honduras as an ally could embolden other countries to follow suit and sever ties with Taiwan. The island nation now has formal diplomatic relations with just 14 countries, mostly small nations in Latin America, Africa, and the Pacific.

China has been ramping up its efforts to isolate Taiwan on the global stage since President Tsai Ing-wen, who supports independence from China, took office in 2016. Beijing has successfully persuaded several countries, including Panama, the Dominican Republic, and El Salvador, to sever diplomatic ties with Taiwan and recognize Beijing instead.

The move to establish ties with Honduras is likely to further strain relations between China and the United States, which has been a strong supporter of Taiwan and has accused China of engaging in "debt-trap diplomacy" to expand its influence around the world.

It remains to be seen whether Othercountries will follow Honduras' lead and sever ties with Taiwan in exchange for economic incentives from China. However, the move underscores China's growing global influence and its willingness to use economic leverage to achieve its political goals.

China Establishes Ties with Honduras
China Establishes Ties with Honduras

For more updates keep visiting our website  where we provide unbiased, true and top stories of the world.

No Image
Al soyma

You May Also Like