China gifts El Salvador stadium, library after Taiwan switch

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Beijing would also pay for 2 water supply projects, as well as expansion of tourism area and La Libertad pier. FMTNews China

El Salvador’s President Nayib Bukele talks to Chinese President Xi Jinping at the Great Hall of the People in Beijing.

“President Xi Jinping has just granted El Salvador gigantic, non-refundable cooperation, completely managed by our government,” Bukele tweeted late Tuesday announcing the projects, including a large capacity “modern” stadium. China has ramped up investment and infrastructure spending abroad in recent years, raising fears that countries benefiting from Beijing-backed loans are at risk of falling into its debt.

Source: Holiday News (holidaynews.net)

 

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