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El Salvador’s Mauricio Funes shows signs of wavering over Beijing and Taipei

Tuesday, November 23, 2010

The dwindling list of countries that formally recognize the Republic of China on the island of Taiwan provides one of the most graphic indicators of how alluring Communist China’s economy has become.

The last country to abandon Taipei for Beijing’s welcoming embrace was Costa Rica in June 2007 and now its near neighbour El Salvador appears to also be wavering.

At the opening of a Chinese trade fair in El Salvador, President Mauricio Funes said the country would consider establishing diplomatic ties with Beijing if it would be economically beneficial.

Original source: Financial Times