By Sofia MenchuGUATEMALA CITY (Reuters) - Guatemala has no intention of breaking diplomatic relations with Taiwan despite seeking closer economic links with China, President Bernardo Arevalo said on Thursday, pledging to boost ties with both players in parallel. Guatemala is one of only a handful of nations that still maintains formal ties with Taiwan. Next-door Honduras last year switched allegiances to China, which claims Taiwan as its own, after seeking almost $2.5 billion in aid from Beijing. Publicly reaffirming the country's Taiwan ties for the first time since taking office, Arevalo said his administration will not change course. "Diplomatic relations are with Taiwan and with the People's Republic of China there are trade relations that will continue to develop."

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