Do African countries that switch diplomatic relations from Taiwan to Beijing get a boost in Chinese finance? CARI’s loan database shows that checkbook diplomacy does not always pay off immediately and does not guarantee a continuous flow of financing indefinitely. On December 20 2016, Portuguese-speaking nation of São Tomé and Principe recognised the People’s Republic of China, switching its allegiance away from the Republic of China, Taiwan, with which it had maintained diplomatic relations since 1997. Re-establishing ties with mainland China had no immediate payoff, at least in the first few years. The Gambia switched diplomatic recognition from Taiwan to the P.R. China in 2013, but this gesture was not reciprocated by China for three years. –CARI Blog/
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