Panama has cut long-standing diplomatic ties with Taiwan and established relations with China, in a diplomatic coup for Beijing.

The Panamanian government said it recognised there was "only one China" and considered Taiwan part of it, according to BBC. 

Taiwan expressed "anger and regret", and accused Panama of "bullying".

China regards Taiwan as a breakaway province. A few countries maintain ties with Taipei instead of Beijing, and Panama is the latest to switch sides.

In December last year, the African island nation of Sao Tome and Principe made a similar move. Now only 20 countries have diplomatic relations with Taiwan.

In recent years China has intensified its economic investment into the Central American country - home of the economically vital Panama Canal.