Recently Honduras severed diplomatic relations with Taiwan and has recognized China as the only China and Taiwan as a province of China. Now I am not really a master of knowledge on this problem but what I have read is that Taiwan had an established ethnic group before Chiang Kai Chek was routed in China and moved over to Taiwan to set up what was in all sense a dictatorship.
Based on this, I would say Taiwan is actually not Chinese but should belong to its original inhabitants, whom unhappily I don't remember their names and I don't feel like doing a Google search. So actually to me, both the PRC and the ROC are wrong. But the original population is out of the fight as they are not even taken into account.
For Honduras establishing diplomatic ties with the PRC and ditching the ROC actually makes a lot of sense. Trade should be much greater, China can provide cheaper loans and economically I just think they are a better option. Unfortunately President Tsai played all her cards with Juan Orlando Hernandez, our previous president. The new president Xiomara Castro based part of her campaign on establishing relations with PRC, pressured by the USA she did not keep her word until now.
Now we needed some financial help from Taiwan, not the amount they are saying, but Taiwan preferred to give much more to Lithuania, changing a long time ally for a country who has never recognized them. Taiwan says Honduras betrayed them and is a backstabber. actually a good part of Taiwan's help was in the form of a few hundred scholarsfips to Taiwan every year, unfortunately the recipients of these scholarships are mostly well off people who are part of what was the ruling party.
So, even though the US vice president Harris pressured Honduras, I think Taiwan's responses were lukewarm, and being the Honduras regime was interested in accepting the PRC, Taiwan, to me, played their cards wrong. And now the truth is, from 14 countries recognizing them, they are down to 13, mostly countries with very small populations.
No, I am not on PRC side, I would love to have relations with both countries. Unfortunately this is not possible at the moment so Honduras has chosen its path, I really hope it is the right move, No, we won't be becoming communists (which by the way in practice doesn't exist as a visble political system. PRC is actually an authoritarian capitalist country) and I highly doubt getting in debt with the PRC is any worse than doing so with the IMF. Of course the ideal would be not to get in debt, but for Honduras that is a Utopia, something impossible, except if maybe we find lots of oil to sell.