China downgraded its diplomatic ties with Lithuania last month, after the opening of a representative office by Taiwan in Vilnius. Lithuania's ruling coalition had agreed in November last year to support what it described as "those fighting for freedom" in Taiwan, putting its relations with China at risk.
Taiwan has other offices in Europe and the United States but they use the name of the city Taipei, avoiding reference to the island itself.Lithuania's direct trade with China is modest, but its export-based economy is home to hundreds of companies that make products such as furniture, lasers, food and clothing for multinationals that sell to China.
"For us, the most painful part is that it's a European company," said Janulevicius, referring to the multinational. "Many Lithuanian businesses are suppliers for such companies."Lithuania is looking at setting up a fund to shield local companies from Chinese retaliation, a senior government official told Reuters.
The European Commission responded in a statement that the EU was ready to stand up against all types of political pressure and coercive measures applied against any member state.
tweet4852 Kick China out of WTO
No financial help for Lithuania from the US? They're acting as one of the many heads of its hegemonic hydra after all.
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- 'демократия с китайским лицом'; - так - 'CXN'?!
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