China Inc.

China Inc.

Debt Capital Markets Loans Project & Infrastructure Finance Features China

President Salvador Sanchez Cerén stood in August behind a podium dressed in an elegant black suit to make a controversial announcement on national television: El Salvador had chosen to recognize the “One China” policy and sever diplomatic relations with Taiwan.   The former commander of left-wing guerrillas during El Salvador’s 12-year civil war said the decision to align with the world’s second-biggest economy reflects the “unmissable trends of our times” and that it would bring “great benefits” for the country. The switch leaves Taiwan with just 17 diplomatic partners around the world.   The White House was swift to criticize the latest domino to fall in the region — Dominican Republic t

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