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

Biden pays tribute to India’s ex-PM Manmohan Singh

Presiden Biden emphasised that “the unprecedented level of cooperation between the United States and India today would not have been possible without the Prime Minister’s strategic vision and political courage.” US President

OpenAI’s o3 reasoning model ignites AI hype

Social media influencers have kicked off a fierce debate over OpenAI’s new o3 reasoning model, with some of them raising concerns about its high cost and the potential for overhyping its artificial

Protests at Parliament gates banned 

The Speaker’s office stressed that the move is aimed at safeguarding the sanctity of Parliament and ensuring that its proceedings are not disrupted…reports Asian Lite News In a decisive move aimed at

UN Chief Calls Out Israel on Syria

Guterres underscored that Israel and Syria must uphold the terms of the 1974 Disengagement of Forces Agreement, which remains fully in force…reports Asian Lite News UN Secretary-General Antonio Guterres has urged Israel
Go toTop

Don't Miss

Global Times Commends India’s Economic and Foreign Policy Strides

India’s economy has gained momentum and is on track to

Partnership with India key to tackle China challenge: US

In order to counter China’s growing aggression in the region,