Banking on China China will make a “gigantic” investment in El Salvador, funding the construction of a stadium and a water treatment facility initially. El Salvador President Nayib Bukele was in Beijing this week, meeting with Xi Jinping for the first time since being elected in February. Bukele’s Central American nation established diplomatic ties with Beijing earlier this year, having severed relations with Taiwan last year. A number of Taiwan’s few remaining allies have cut ties this past year, seemingly wooed by the prospects of Chinese financing. South China Morning Post