Taiwan says China dangled $3 billion to grab ally Dominican Republic

TAIPEI/BEIJING (Reuters) - China offered the Dominican Republic a $3.1 billion package of investments and loans to get them to sever ties with Taiwan, a Taiwan official said on Tuesday, after the Caribbean nation switched allegiance to China in a diplomatic blow to the self-ruled island.

from Reuters: Top News http://uk.reuters.com/article/uk-china-dominicanrepublic-taiwan/taiwan-says-china-dangled-3-billion-to-grab-ally-dominican-republic-idUKKBN1I22LK?feedType=RSS&feedName=topNews