efe-epaShanghai, China

The Taiwanese government on Tuesday accused El Salvador of asking for an "astronomical sum" of financial aid and assured that the Central American country severed its ties with Taiwan on its own without any interference from Beijing.

Taiwanese Foreign Minister Joseph Wu announced the Taiwan-El Salvador diplomatic break-off on Tuesday morning, while his Chinese and Salvadoran counterparts, Wang Yi and Carlos Castaneda, established their relations at a meeting in Beijing.

According to the state Central News Agency (CNA), "this is the first time the current administration announced it was severing diplomatic relations with a formal ally before that ally declared it was switching recognition to Beijing."

This decision leaves Taiwan with 17 diplomatic allies after five other countries - El Salvador, Panama, the Dominican Republic, Burkina Faso and Sao Tome and Principe - switched ties from Taiwan to China in less than a year.

These countries broke off their ties with Taipei after President Tsai Ing-wen of the pro-independence Democratic Progressive Party (PDP) came to power in 2016 and refused to accept the 1992 Consensus.

This consensus is an unwritten agreement between the then ruling Kuomintang Party of Taiwan and the Chinese Communist Party, in which both countries accept the "One China, two definitions" formula and recognize Taiwan as part of China.

Bilateral relations between Taiwan and China remain stagnant as Beijing vowed not to negotiate nor establish high-level contacts with Taiwan until Tsai recognized her country as part of China.