Taiwan Ally Paraguay Is Open to China Investment, Finance Minister Says
- Paraguay wants to build a green hydrogen industry: Fernandez
- Fernandez sees scope for more rate cuts amid slowing inflation
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Taiwan’s last South American ally would consider Chinese investment to develop its nascent green hydrogen industry as it seeks to become a regional fertilizer supplier, Paraguay Finance Minister Carlos Fernandez said.
Paraguay has ample supplies of the two key ingredients needed to produce green hydrogen — water and renewable power from two massive hydroelectric dams — that can be further processed into synthetic fuels and fertilizers.