Beijing’s wooing of Taiwan’s ally Nicaragua on Friday is not just retaliation for the island’s independence efforts but it is also a sign of intensifying rivalry between China and the US in America’s own backyard, according to observers.Nicaragua brings to four the number of Central American nations that have established formal relations with Beijing in recent years, following Panama in 2017 and El Salvador in 2018. The Dominican Republic in the Caribbean also switched to Beijing in 2018…

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