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Transcript

00:00:00
>>
FOREIGN]
00:00:21
But Taiwan officials told Reuters, 3 billion was a price they simply couldn't match. However, China denies there were any economic preconditions for the Caribbean nation to switch allegiance. In Taiwan, the news sparked swift anger from the island's Foreign Minister.>> President Danilo Medina of the Dominican Republic has ignored our long-term partnership, the wishes of the people of the Dominican Republic.
00:00:44
And the years of development assistance provided by Taiwan to accept false promises of investment and aid by China.>> Taiwan is claimed by China as its own lost province. Beijing and Taipei have tried to win over each other's allies for years, often with generous aid packages on offer.
00:01:03
But Taiwan has struggled to keep up with China's rise. Last year, Beijing scored a major diplomatic victory when Panama flipped. The Vatican may be next on the list. The Holy See and China have been getting closer to an agreement over Beijing's control of bishops in the country. China has also ramp up military exercises near Taiwan over the past year that's included massive naval war games and Chinese bombers flying circuits around the island.
00:01:27
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