Axios
Date: June 19, 2018
By: Erica Pandey

The flags of Taiwan and China displayed on Muo Fan Street in Taiwan. Photo: Alberto Buzzola/LightRocket via Getty Images

Last week, the United States unveiled a $255 million new home for the American Institute of Taiwan — Washington’s de facto embassy in Taipei. While the move angered Beijing, it was an outlier. Outside of Washington, President Xi Jinping’s hardline approach to Taiwan is getting results.

The big picture: China is chipping away at Taipei’s legitimacy on the international stage by pressuring companies and foreign countries to stop treating the self-governing island as a sovereign nation — and Beijing has the economic leverage to pull it off.    [FULL STORY]