Money Talks: Sao Tome cuts diplomatic ties with Taiwan

The government of Sao Tome and Principe has cut diplomatic ties with Taiwan, switching its allegiance to Beijing. China's welcomed the decision by the African island nation saying it was 'back onto the correct path of the One China principle'. Taiwan's foreign ministry has condemned the move, alleging Sao Tome demanded a huge amount of financial support. Interview with Craig Copetas.

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