Panama severed formal diplomatic ties with Taiwan on June 13 this year, ending over 100 years of cordial relations between the Central-American nation and the Republic of China. Beijing’s cheque book has become too fat to ignore and observers in Taiwan fear that Panama will be only the first in a cascade of Central-American nations dumping Taiwan to gain a slice of Beijing’s pie.
Beijing and Taipei had reached a de facto diplomatic truce when Ma Ying-jeou was p…
