Panama breaks off from Taiwan, ties up with China

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Panama breaks off from Taiwan, ties up with China

Beijing – “In a major blow to Taiwan, Panama today broke off diplomatic ties with it and established relations with China as cash-rich Beijing exerted its economic clout to wean away handfuls of allies of Taipei. Regarded as a diplomatic coup for Beijing, China and Panama signed a joint communique here formally establishing diplomatic relations.” Read more at http://www.ptinews.com.