Honduras’ China switch driven by Taiwan debts, investment hopes, minister says

By Isabel Woodford and Gustavo Palencia TEGUCIGALPA (Reuters) -Honduras’ decision to seek official relations with China and cut them with Taiwan on Tuesday was about “pragmatism, not ideology,” driven by rising debt and investment needs, Honduran Foreign Minister Eduardo Enrique Reina said on Wednesday. China does not allow countries to hold diplomatic ties with both itself and Taiwan as it claims Taiwan as its own territory with no right to state-to-state ties, which Taiwan disputes. Speaking on local television, Reina said Honduras was “up to its neck” in financial issues and debt – includin…

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