Guatemalan President's Visit to Taiwan Sparks Controversy with China.

Guatemala is not seeking "free money" from Taiwan and does not owe debt like Honduras, but is looking for long-term investment and trade. Guatemala's Economy Minister Janio Rosales said his country wants more balanced trade and is promoting more investment from Taiwanese enterprises. Guatemala runs a trade deficit with Taiwan. Taiwan and China have accused each other of buying diplomatic recognition with generous aid packages, but Taipei says it will not use "dollar diplomacy" to compete with Beijing.