China signs on for 'gigantic' investment in El Salvador infrastructure
SAN SALVADOR (Reuters) - China will help build several major infrastructure projects in El Salvador including a stadium and water treatment plant, the two countries said on Tuesday, signaling China's growing role in the region after El Salvador cut ties with Taiwan.
Salvadoran President Nayib Bukele, said the investment represented a "gigantic, non-refundable cooperation" for the small Central American nation.
He did not disclose the planned investment amount.
Under the agreement, China will help build a large sports stadium, multi-story library and water treatment plant.
China, the world's second biggest economy, will also assist at coastal tourist sites, including building streets, parks and a water system along the beaches known as Surf City, and restaurants and shops on the Puerto de la Libertad pier.
The projects offer the strongest signal yet of El Salvador's embrace of close relations with China.
El Salvador "adheres to the principle of one China, categorically rejects any act that goes against this principle and any form of 'independence of Taiwan,'" El Salvador and China said in a joint statement.
El Salvador broke off diplomatic relations with Taiwan in August last year, following the Dominican Republic and Panama in switching sides to China.
译文来源：三泰虎 http://www.santaihu.com/48911.html 译者：Joyceliu
China is investing heavily in Eastern Europe and Africa building dams roads power plants and factories giving those people employment all this together support at the United Nations now there are going for Latin America .
China will rule the world, while Americans watching the Kardashians.
Cash is king.
The Chinese did almost the exact same thing around 2010 with Costa Rica . In the spirit of "friendship" and Costa Rica recognizing them diplomatically, they built them a nice shiny new soccer stadium. They used all material from China, and all the workers came from China while the stadium was being built. The Costa Rican go nment was taken back a bit, because they expected them to use locals for the work. However, the Chinese are very canny, they are very well aware of Latin America's reputation for co ption. The Costa Ricans gladly accepted their beautiful new stadium anyway.
This is the exact opposite of what American aide does where they just hand the money over to the local go nment. Which is probably why we're just throwing our money away. While China get's the best propaganda bang for it's bucks.
What will Communist China get in return, access to a port with a 99 year lease? They are not doing this out of the good of their hearts.
They will want something in return.
China built airports, ports, railways in Africa, S America, Central America & Asia, what do the US builT??????? a bunch of levees in New Orleans that leak after Katrina?
China keeps investing in Latin America and thus will control it like the USA used to do.
..Our great democrats... treaties signed on Sept. 7, 1977, by President Jimmy Carter and Omar Torrijos commander of Panama’s National Guard and the country’s de facto ruler, turned over control of the PANAMA CANAL to the Panamanians... Currently the Panama Ports Company, a subsidiary of Hutchison Whampoa Ltd., has exclusive and extensive rights to control both ends of the Panama Canal. Hutchison Whampoa is a Chinese company owned by Hong Kong billionaire, Li Ka-Shing,
As a Salvadorian, I don't like this. China is not going to just upgrade the country's infrastructure, China wants something in return
Bought and sold !!
Who says that you cannot buy your friends.
You can thank Nixon and Clinton for this sad state of affairs.
China should accept the refugees
Ship them over to your mainland
The way things are going under Trump we will soon be asking China to re-build our infrastructure.
But....but...we've been told by the major media that the "migrants" (i.e., illegal immigrants) flooding in from El Salvador are fleeing an impossible situation in that country owing to the rampant violent crime that makes staying there impossible. Can it be that the media and the "migrants" have been lying to us?!?
I am from Myanmar, Communist china is the only country known to help the country. The help of China always come with high interest. Now the citizens of the country is in debt of $9.89 billions. There seems to be no way to pay back rather letting the Chinese enter the country both legally or illegally. Myanmar people are mad and desperate, and have no idea how to stop Chinese from occupying their cities and everywhere across the country acknowledging their country"s leaders are powerless when dealing with china. China financial aid to political unstable countries never come with a good intention. They first call you friend and offered help, after a few decades of receiving financial aids from China most poor country experience in high debts the worst part is China confiscate the country"s land, forest, rivers and huge population of chinese people will appear in the middle of the country.
Maybe they can start immigrating to China now.
Meanwhile the United States is is till investing in WARS all round the whole WOLD.
And now the US is be-friendly with Vietnam helping Vietnamese not to built but helping with armaments that are loans so Vietnam can turn against China. Chinese and Vietnamese are bothers, the only Vietnamese against Vietnam and China are the Refugees that are here because they hast to speak bad or they will not get a free ride into the US.
Just remember.. when it says made in china... problems are just around the corner...
While I appreciate China helping these poor countries out. The bad part about China's agreements with these countries none of citizens get any employment. Sooner or later the poor people will drive the Chinese out, because all the work goes to them and little or none to the citizens even when it is for the betterment of the country.
droit du seigneur
China is smart. They build dams in Africa. There building infrastructure in exchange for energy and other vital resources. Very smart
China has this going on all over the world. They use their materials, knowledge and manpower. It provides the Chinese workers with jobs and it creates a closer relationship with the receiving country.
China is in the Bahamas . . . deepening ports for their warships . . . wonder why . . .
So the El Salvadorians will be speaking Chinese Mandarin soon?
Great news.Good thing the US is sending their people back to that wonderful country.Sounds like things will finally be wonderful there .
China has done much the same projects in Africa. Would you trust a water treatment plant made by China? El Salvador will soon learn not to drink their water!
China win. Also while Salvadorians in the US collecting welfare checks through the hard earning cash from Americans. Win win!
Is China going to start taking in all of the illegals from El Salvador that are trying to enter the US illegally ?
maybe we can get China to finance some infrastructure here