VILNIUS, Lithuania (AP) -- Taiwan is creating an investment fund and planning other measures to help Lithuania as it faces major economic pressure from
Tensions between China and Lithuania soared after Taiwan was allowed to open a de facto embassy in Vilnius. Now, Taiwan wants to help offset the financial cost that comes with angering Beijing.
Taiwan is creating an investment fund and planning other measures to help Lithuania as it faces major economic pressure from China for allowing the island to open a representative office in the European Union country, Taiwanese officials said Wednesday.
Taiwan said Wednesday it would set up a fund with $200 million (176 million euros) to invest in Lithuania, as businesses there complain of losses from a China-Lithuania row.