Paraguay courts Taiwanese investors, warns against China reliance finance minister


Source: reuters.com reuters.com

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[1/2] President of the Central Bank of Paraguay Carlos Fernandez Valdovinos speaks during an interview with Reuters in Asuncion, Paraguay July 31, 2017. REUTERS/Jorge Adorno/File photo ASUNCION, Aug 1 (Reuters) - Paraguay is seeking more Taiwanese investment to diversify its farm-driven economy focused on exporting raw materials to China, incoming Finance Minister Carlos Fernandez Valdovinos said in an interview. Paraguay remains the only South American nation with formal diplomatic relations with Taiwan, which China claims as its own territory. As Paraguay prepares for the Aug. 15 inauguration of the next government, it has reinforced its 70-year friendship with the democratic...