Debts and investment spur Honduran change of allegiance to China

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Desire for new investment and less debt helped drive Honduras' decision to establish formal ties with Beijing at Taiwan's expense, the government said on Wednesday, potentially opening the door to more spending on flagship infrastructure projects.

Taiwan "expressed to Honduras many times that our country is willing, within its capabilities, to assist Honduras to promote construction and development, and at the same time, we repeatedly reminded Honduras to pay attention to China's false promises," it said, without mentioning the debt issue.The news puts pressure on Taiwan President Tsai Ing-wen ahead of an April visit to the U.S.

China does not allow countries to hold diplomatic ties with both itself and Taiwan, regarding the island as its territory. Beijing regards Tsai as a separatist. She says Taiwan's people must determine their own future. Taiwan's foreign development money often ends up in areas like technology and education, while China is more willing to support infrastructure projects, said Meyers, observing: "If you want a project with your name on it, you go to China."

Neither the U.S. Senate or House Foreign Relations Committees knew the change was coming, but it was not surprising, according to two Republican congressional aides, who spoke to Reuters on condition of anonymity. Washington only has formal ties with China, but it is Taiwan's most important international backer and arms supplier.

 

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Smart.

What an absurd and dangerous decision. Allowing China to work inside Honduras is the worst mistake this Latin American Country could have done. We’ll see China spread like Termites all throughout Central and South America within months that they touch soil in this Country.

Honduras was a safe until the US backed Contras destabilizing their socialist leaning government. Now they are a complete mess, which is the outcome when the CIA gets involved.

Another payoff to another country pretty funny.

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Honduras' China switch driven by Taiwan debts, investment hopes, minister saysHonduras' decision to seek official relations with China and cut them with Taiwan on Tuesday was about 'pragmatism, not ideology,' driven by rising debt and investment needs, Honduran Foreign Minister Eduardo Enrique Reina said on Wednesday. $600 million reasons
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