In a recent meeting, El Salvador’s Vice President Felix Ulloa and Chinese Ambassador Zhang Yanhui discussed the friendly relations between their countries and explored opportunities for innovation and economic development. The meeting highlighted El Salvador’s progress in financial freedom and digital economy, with a national reserve of over $500 million, largely attributed to the country’s adoption of Bitcoin.
El Salvador’s Financial Freedom and Digital Economy
Vice President Ulloa emphasized that El Salvador has become a model for financial freedom and digital economy, with a national reserve of over $500 million, equivalent to approximately 6,217 bitcoins. This development is largely promoted by the Bitcoin Office and President Nayib Bukele.
Infrastructure Projects and Regional Cooperation
The Vice President also discussed several infrastructure projects, including the “El Salvador Takeoff” aviation modernization project and the “Submarine Cable” digital infrastructure optimization plan. These projects aim to enhance El Salvador’s position in regional technology and connectivity. Ambassador Zhang Yanhui handed over a greeting letter from Chinese Vice President Han Zheng and reviewed the progress of China-El Salvador cooperation projects.
Strengthening Bilateral Relations
The meeting demonstrates the strengthening ties between El Salvador and China, with a focus on innovation, economic development, and regional cooperation. As El Salvador continues to make strides in financial freedom and digital economy, its partnership with China is expected to play a significant role in shaping the country’s future.
Source: Panewslab.com
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