Taiwan to launch $1 billion Lithuania credit fund amid Beijing pressure

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Taiwan to launch US$1 billion Lithuania credit fund amid Beijing pressure

Taiwan National Development Council Minister Kung Ming-hsin poses during an interview with Reuters in Taipei

China has downgraded diplomatic ties with Vilnius, and is pressuring companies, such as German car parts giant Continental to stop using Lithuanian-made components. It has also blocked Lithuanian cargos from entering China.Taiwan last week announced plans to set up a separate $200 million fund https://www.reuters.

Lithuania's Economy and Innovations Minister Ausrine Armonaite said her country planned to open a trade representation office in Taiwan in the spring.

 

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