President Tsai Ing-wen said Taiwan will not engage in “a meaningless contest of dollar diplomacy with China.”

RTI Radio Taiwan International RTI Radio Taiwan International

President Tsai Ing-wen made the remarks in a formal statement on Sunday. (Photo: CNA)

President Tsai Ing-wen said Taiwan will not engage in “a meaningless contest of dollar diplomacy with China.” She made the remarks in a formal statement on Sunday after Taiwan and Honduras ended 82 years of official diplomatic ties.