Nicaragua recognizes China, breaks ties with Taiwan. Is a Panama Canal alternative coming soon?
Update: 2021-12-10
Description
Nicaragua's Sandinista government has broken diplomatic ties with Taiwan and recognized the People's Republic of China. We discuss the historic decision and its huge geopolitical implications.
A Chinese company plans to build an inter-oceanic canal in Nicaragua, to challenge the monopoly of the US-dominated Panama Canal.
And the same week, Nicaragua signed agreements strengthening ties with Russia and collaborating on nuclear energy projects.
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