May 2, 2023
1 min read

Chinese investors eye South Pacific for natural resources: Report

China’s growing presence in the South Pacific Islands is not just limited to economic and strategic spheres…reports Asian Lite News

The South Pacific region is an attractive destination for Chinese investments due to an abundance of natural resources, including timber, fish, minerals and oil, Asian Institute for China and IOR Studies (AICIS) reported.

According to AICIS, the region witnessed heavy Chinese investments in infrastructure projects under the Belt and Road Initiative (BRI) that included roads, bridges, ports and airports, which some observers in the region allege are intended to improve trade and transportation links between China and the region. These investments have, indeed, provided much-needed infrastructure development in the region that has lagged behind other parts of the world in economic development.

Beijing: Photo taken on May 21, 2020 shows red flags on the Tian’anmen Square in Beijing, capital of China. (Xinhua/Cai Yang/IANS)

China’s engagement with the South Pacific has been welcomed by some countries in the region also because they see it as an opportunity to reduce their reliance on traditional partners such as the US, Australia and New Zealand.

China’s growing presence in the South Pacific Islands is not just limited to economic and strategic spheres; it has also been increasing its cultural initiatives in the region, according to AICIS.

These initiatives aim to promote Chinese culture and language as well as enhance people-to-people exchanges between China and the South Pacific countries.

China is also offering scholarships to students from the South Pacific Islands to study in China, promoting cultural exchange and understanding between the two regions, as per AICIS.

Pardafas.com recently reported that with the goal of becoming the world’s leading economic powerhouse, China has been expanding its plans and influence in different countries. China’s dominance is not limited to Asia alone, but it has also gained significant ground in Africa and Western nations through trade. (ANI)

ALSO READ: Biden mulls curbs on US businesses investing in China

Previous Story

Penpa Tsering: China’s internal security spending outweighs external

Next Story

Britain gears up for coronation ceremony after 70 years

Latest from -Top News

GAZA KILLINGS: War Crime?

Mobile Phone Footage Casts Doubt on Israeli Account of Ambulance Attack in Gaza Newly surfaced mobile phone footage has raised serious questions about the Israeli military’s justification for opening fire on a

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that

Uganda, South Sudanese leaders hold talks

Museveni, who is among the guarantors of a 2018 peace agreement that ended a five-year civil war, held closed-door discussions with President Salva Kiir Uganda’s President Yoweri Museveni was expected to meet

Protests across US against Trump

The largest event was at the National Mall in DC, where demonstrators numbered in the tens of thousands People across the US took to the streets on Saturday to oppose what left-leaning

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that
Go toTop

Don't Miss

Will upcoming Party Congress raise the heat on Xi?

The Taiwan issue is likely to hang over the Congress

China’s efforts to unite Nepal’s communists ahead of Prachanda’s trip

The Chinese Embassy in Nepal has been quietly working for