My position, shared by a few others, is that this is the next best thing that happened in Lithuania after leaving USSR: the first being joining NATO and EU in 2004.
Everyone in the world can (and almost everyone do) endorse PRC. "You won't get fired for picking IBM/Oracle/PRC". While very few countries have the guts and the internal political structure that allows opening a Taiwanese representative office. Lithuania shows that it prefers dealing with a country that takes the human rights into account; being the first one "in the party" to do so bring us significant advantages. Both Taiwanese investments and Lithuanian exports to Taiwan are picking up pace.
This will hurt us in the short-term, sure. It already does: packages(/containers) from PRC are delayed or cancelled, invoices are not being paid, we are losing business there. In the long term, if we don't change our mind (not impossible), I think this is for the better.