In battle of “dollar diplomacy,” Taiwan losing ground to China

For decades, Taiwan and China have tussled with each other in far corners of the globe, fighting for allies through “dollar diplomacy.” Now, it seems, China may be gaining the upper hand, sustained by deeper pockets, growing global clout and an unlikely ally: members of Taiwan’s parliament.

Prying Taiwanese legislators want to know how the Foreign Ministry spends its money, putting a crimp in the practice of quietly handing out cash to foreign politicians and sweetheart foundations abroad.


Technorati: