Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > China open to talks with Lithuania after apparent change in Taiwan stance
    Finance

    China open to talks with Lithuania after apparent change in Taiwan stance

    Published by Global Banking & Finance Review®

    Posted on February 6, 2026

    2 min read

    Last updated: February 6, 2026

    China open to talks with Lithuania after apparent change in Taiwan stance - Finance news and analysis from Global Banking & Finance Review
    Tags:international capitalforeign currencyfinancial stability

    Quick Summary

    China is open to dialogue with Lithuania after a diplomatic rift over Taiwan's office, urging adherence to the One-China principle.

    Table of Contents

    • China-Lithuania Diplomatic Relations
    • Background of Taiwan's Office in Lithuania
    • Recent Developments in Bilateral Relations
    • Statements from Lithuanian Officials

    China Willing to Engage with Lithuania Following Taiwan Policy Shift

    China-Lithuania Diplomatic Relations

    BEIJING, Feb 6 (Reuters) - China said on Friday it was open to dialogue with Lithuania after the Baltic nation's prime minister described as a "mistake" its 2021 decision to let Taiwan set up a de facto embassy in the capital of Vilnius.

    Background of Taiwan's Office in Lithuania

    Lithuania had begun taking "small first steps" to restore ties, Inga Ruginiene, who became prime minister last September, told Baltic News Service on Tuesday.

    Recent Developments in Bilateral Relations

    "The door for communication between China and Lithuania remains open," Lin Jian, a spokesperson for the Chinese foreign ministry, told a regular news conference.

    Statements from Lithuanian Officials

    "We hope Lithuania will translate its willingness to improve bilateral relations into concrete actions, and promptly rectify its error," he said.

    China downgraded relations with Lithuania in late 2021 after the nation of 2.9 million let Taiwan open a "Taiwanese" representative office on its soil.

    Beijing views Taiwan as a Chinese province with no right to set up such offices in countries with which China has formal ties.

    In contrast to Lithuania, countries such as Australia, Britain and the United States host offices that are usually known as "Taipei" representative offices, which avoids the implication of statehood and sovereignty.

    Since the breakdown, Lithuania has recalled its ambassador in China and other diplomats. In late 2024, it expelled three Chinese diplomats in the country's Office of the Charge d'Affaires.

    Last year, China banned Lithuanian banks UAB Urbo Bankas and AB Mano Bankas from transactions and cooperation with domestic organisations and individuals.

    "I think Lithuania really jumped in front of a train and lost," Ruginiene told the news service in an interview.

    Taiwan and Lithuania are important partners with shared values of freedom and democracy, and both sides agreed the name of the office, the foreign ministry in Taipei said on Thursday.

    "Since the office was established, Taiwan and the Lithuanian government have continued to promote mutually beneficial, substantive cooperation," it said.

    Taiwan would keep up close coordination and communication to deepen ties with Lithuania, it added.

    (Reporting by Joe Cash in Beijing and Ben Blanchard in Taipei; Writing by Ryan Woo; Editing by Christian Schmollinger, Edwina Gibbs and Clarence Fernandez)

    Key Takeaways

    • •China is open to dialogue with Lithuania following Taiwan office controversy.
    • •Lithuania's prime minister calls the 2021 Taiwan decision a mistake.
    • •China urges Lithuania to adhere to the One-China principle.
    • •Lithuanian banks face bans in China due to diplomatic tensions.
    • •Lithuania expelled Chinese diplomats in late 2024.

    Frequently Asked Questions about China open to talks with Lithuania after apparent change in Taiwan stance

    1What is the One-China principle?

    The One-China principle is a policy asserting that there is only one sovereign state under the name China, which includes Taiwan as part of its territory.

    2What is a de facto embassy?

    A de facto embassy refers to a diplomatic mission that operates in a country without formal recognition or official status, often serving as a representative office.

    3What is the impact of foreign currency on banking?

    Foreign currency impacts banking by influencing exchange rates, affecting international transactions, and altering the financial stability of banks engaged in foreign trade.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Image for Sanctions force Russia to dump naphtha into STS transfers and storage hubs, traders say
    Sanctions force Russia to dump naphtha into STS transfers and storage hubs, traders say
    Image for World food prices ease further in January, United Nations' FAO says
    World food prices ease further in January, United Nations' FAO says
    Image for Ukraine seeks to soften key condition for new IMF loan, Bloomberg News reports
    Ukraine seeks to soften key condition for new IMF loan, Bloomberg News reports
    Image for AI is not a bubble, senior executive at Nvidia supplier Wistron says
    AI is not a bubble, senior executive at Nvidia supplier Wistron says
    Image for ECB's Kazaks says significant euro appreciation could trigger response
    ECB's Kazaks says significant euro appreciation could trigger response
    Image for With Puma stake, China's Anta seeks to enter the arena with Nike and Adidas
    With Puma stake, China's Anta seeks to enter the arena with Nike and Adidas
    Image for ECB policymakers fret over risk of too-low inflation
    ECB policymakers fret over risk of too-low inflation
    Image for Novo Nordisk shares rebound as FDA targets illegal drug copies
    Novo Nordisk shares rebound as FDA targets illegal drug copies
    Image for Europe, Asia lead global equity fund inflows as investors cut US tech exposure
    Europe, Asia lead global equity fund inflows as investors cut US tech exposure
    Image for Europe's STOXX 600 drops after Stellantis results; tech stocks in focus
    Europe's STOXX 600 drops after Stellantis results; tech stocks in focus
    Image for Stellantis shares slump over 20% after $26.5 billion EV-related writedown
    Stellantis shares slump over 20% after $26.5 billion EV-related writedown
    Image for Germany's CDU weighs social media age curbs for under-16s
    Germany's CDU weighs social media age curbs for under-16s
    View All Finance Posts
    Previous Finance PostStellantis shares slump over 20% after $26.5 billion EV-related writedown
    Next Finance PostGermany's CDU weighs social media age curbs for under-16s