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Nicaragua seeks economic relations in a balancing act with the two Chinas

Friday, January 14, 2011

Part of the Sandinistas’ strategy to diversify economic and trade relations has been to court the People’s Republic of China without upsetting Nicaragua’s traditional relations with Taiwan.

While pundits have speculated that Nicaragua would be the second country in Central America to dump Taiwan for China, following Costa Rica’s decision to do so in 2007, so far the Sandinistas have maintained a balancing act.

Last month, Nicaragua hosted the second annual ExpoChina trade show in Managua, drawing some 50 Chinese businesses interested in trading electronics, automobiles, farming equipment, medical equipment, cell phones and energy technology.

Original source: Nica Times