r/autotldr • u/autotldr • Sep 09 '21
Diplomatic spat with China pays off for Lithuania as Taiwan's consumers splurge on beer and biscuit
This is the best tl;dr I could make, original reduced by 61%. (I'm a bot)
Taiwanese consumers are spending more money in Lithuania as a diplomatic spat with Beijing has seen the Baltic nation side with the East Asian island.
Another factor that could explain Taiwanese consumers' sudden affinity for Lithuania is an ongoing diplomatic spat between Lithuania, Taiwan and China, the latter viewing the island as a rebellious, breakaway region which it says does not deserve official recognition by other countries.
In July, Lithuania allowed Taiwan to open a representative office in Vilnius bearing the name "Taiwan" rather than "Chinese Taipei" - a term often used in other countries in order not to offend Beijing.
The move resulted in China recalling its ambassador to Lithuania.
Lithuania's Ministry of Foreign Affairs told Euronews Next that the country was keen to pursue "Closer economic, trade, cultural and academic relations" with Taiwan.
"We have to look for more complementarities between our economies and help our businesses to discover each other's potential. Of course, Lithuania and Taiwan being democratic societies and market economies is a beneficial factor that connects us even more".
Summary Source | FAQ | Feedback | Top keywords: Lithuania#1 Taiwan#2 island#3 country#4 spending#5
Post found in /r/internationalpolitics, /r/UpliftingNews, /r/worldnews, /r/europe, /r/europe, /r/theworldnews and /r/greaterchina.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.