Taiwan foreign ministry warns of China debt trap, as US says Beijing ‘makes many promises that are unfulfilled’
Taiwan has urged Honduras not to “quench your thirst with poison and fall into China’s debt trap”, adding it would not compete monetarily with China to keep its formal allies after its decision to switch diplomatic ties from Taipei to Beijing this week.
Honduran president Xiomara Castro announced on Tuesday that her country would begin to establish an official relationship with Beijing, in effect severing its ties with Taipei.
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