El Salvador inks ties with China, as Taiwan loses another ally

El Salvador on Tuesday established diplomatic ties with China while severing its relations with Taiwan, the Chinese and Taiwanese governments said, the latest blow to the self-governed island's quest for international recognition.Chinese Foreign Minister Wang Yi and his Salvadoran counterpart Carlos Castaneda signed a document in Beijing on Tuesday to build diplomatic ties between the two nations."El Salvador has acknowledged that there is one China in the world and that Taiwan is China's territory," Wang told reporters.Castaneda, meanwhile, said the purpose of establishing diplomatic relat…READ FULL ARTICLE