Following heavy stakes in Bitcoin, El Salvador faces crisis and turns to China for support
The recent bankruptcy of FTX, caused a drop in the price of bitcoin. As a result, El Salvador’s fiscal policy was affected by the country’s large purchase of this cryptocurrency. China proposed a possible agreement.
El Salvador seeks to deepen exchanges with the People’s Republic of China and Asia-Pacific
The International Forum “El Salvador facing Asia-Pacific” was held on May 26, organized by the Asia-Pacific-Latin America and Caribbean Trade and Investment Promotion Center (AP-LAC Center). Participants agreed that the exchange with the Asian region can boost El Salvador’s growth.
China makes a donation for the reconstruction of an important market in El Salvador
The People’s Republic of China delivered three donations to the Municipality of San Salvador, for the reconstruction of the San Miguelito market, which is the third largest in El Salvador and which, in September 2021 was almost destroyed by a fire.