Will Taiwan lose another diplomatic ally to China? | Asia | An in-depth look at news from across the continent | DW

In an announcement that alarmed many people in Taiwan, Paraguay’s President Mario Abdo Benitez urged Taipei to invest $1 billion (€1.02 billion) in his country as he resists domestic pressure to switch diplomatic recognition to the People’s Republic of China (PRC).  

In an interview with the Financial Times newspaper last week, Abdo said agricultural producers in the South American nation have been urging the government to gain access to the Chinese market amid falling meat prices.

“We are working with the president of Taiwan…so that the Paraguayan people feel the real benefits of the strategic alliance,” he told FT during a trip to the US. “There is Taiwanese investment of more than $6 billion in countries which don’t have diplomatic relations with Taiwan, we want from that $1…

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