Nicaragua is one of a shrinking number of countries in Central America that still offer U.S.-ally Taiwan diplomatic support over China, which considers Taiwan sacred [hogwash; Xi is an atheist] Chinese territory.
China and Taiwan have for years traded accusations of "dollar diplomacy" as they seek support around the world, offering generous aid packages in return for diplomatic recognition.
Self-ruled and democratic Taiwan now has formal relations with only 17 countries, almost all of them small and less developed nations in Central America and the Pacific, including Belize and Nauru. [Source]
"Self-ruled and democratic Taiwan" is correct. Nation-states are shameful that recognize the claim by the totalitarian dictatorship of China to ownership of Taiwan.
Democratic Taiwan is correct to monetarily support Nicaragua against anti-democratic imperialism.