Beijing said it "highly commends" Solomon Islands' decision to recognise the one-China principle. (Supplied: Chinese MOFA)
ABC News Online: What does it take for China to take Taiwan's Pacific allies? Apparently, $730 million
Beijing has praised Solomon Islands for severing diplomatic ties with Taiwan earlier this week, saying the decision will bring "unprecedented opportunities for development" for the Pacific nation.
Some $US500 million ($730 million) has reportedly been promised in financial aid by Beijing, far surpassing the financial support offered by Taiwan — meanwhile, Solomon Islands promised to terminate their relationship with Taiwan before China's National Day on October 1.
"China highly commends the decision of the Solomon Islands' government to recognise the one-China principle and sever the so-called 'diplomatic ties' with the Taiwan authorities," Foreign Ministry spokesperson Hua Chunying said.
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WNU Editor: China did not give away any money. This is a loan with a lot of strings attached.
