Salvador and Taiwan break diplomatic relations while the Central American country approaches China

Salvador and Taiwan announced on Monday that they broke diplomatic relations and the Central American country says it will establish them with China.

In this way Taiwan loses a new ally in the hands of Beijing. There are only 17 countries left that officially recognize Taiwan.

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"We are not willing to continue a money competition with China," said Taiwanese Foreign Minister Joseph Wu at a press conference.

The minister accused Salvador of asking for financial support in a constant way since last year for a project to build a port that, according to Taiwan, was shown to be "inadequate" after its evaluation.

On the other hand, Salvador's president, Salvador Sanchez Ceren announced Monday night in a televised speech that his government had broken diplomatic relations with Taiwan and instead established new diplomatic ties with China.