panama city - Panama has joined diplomatic relations with China and at the same time broke with Taiwan. Panamanian President Juan Carlos Varela announced China's choice during a television speech Monday (local time).
China is the second most important customer when it comes to the Panamic Channel connecting the Atlantic Ocean with the Pacific Ocean. 'I am convinced that this is the right way for our country,' said Varela.
Taiwan reacted badly to the step and stated that he did not want to participate in the 'diplomatic money game. 'Taiwan has been running an independent course since 1949, renaming Republic of China. Beijing considers Taiwan to be a wasteful province.