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  • Writer's pictureDakotah Lilly

China’s closer ties with this Central American nation is bad news for Wall Street

Nicaragua’s decision to break diplomatic ties with Taiwan is expected to boost Managua’s economic cooperation with China. Some even believe it may mean the revival of a stalled project to build an alternative to the Panama Canal.

Taiwan, which China considers an inalienable part of its territory, is recognized as a nation by just over a dozen countries, but as of December 9, the island – officially named the Republic of China – can count on one less supporter.

Nicaraguan Foreign Minister Denis Moncada stated that “The government of the Republic of Nicaragua breaks diplomatic relations with Taiwan as of today and stopped having any contact or official relationship.” Continue reading at RT!

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