El Salvador will be boosted by Beijing, says Moody's

Much of El Salvador's private sector is uneasy about the government's decision to switch is allegiance to Beijing instead of Taiwán. And the US government has made clear its displeasure.

However, Moody's Investor Services says that relations with mainland China will boost El Salvador.

El Salvador will have better financial conditions under the Chinese One Belt, Own Road initiative, says  the ratings agency.