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

King Charles III, Queen to wear handmade brooch by Bengal girl

Latest from -Top News

India, US Step Up Trade Talks

The development comes in the backdrop of the new US ambassador Sergio Gor taking charge in the US embassy is New Delhi….reports Asian Lite News India and the United States are progressing

Lanka Marks Next Phase of Indian Housing Drive

Phases III and IV of the Indian Housing Project highlight India’s commitment to supporting and empowering Sri Lanka’s Indian-origin Tamil community….reports Asian Lite News Sri Lankan President Anura Kumara Dissanayake on Sunday

China’s Grab for Africa

China’s investments aim to strengthen its geopolitical influence and its high-tech manufacturing sector in Africa…reports Asian Lute News China is further consolidating its dominance in the rare earth elements sector by expanding

Pakistan Courts in Peril

The question now is whether Pakistan’s courts can continue to function as guardians of the law, or whether they will be reduced to instruments of control…reports Asian Lite News Pakistan judiciary’s independence
Go toTop

Don't Miss

China calls BRICS a positive, stable force

Prime Minister Narendra Modi, Chinese President Xi Jinping along with

Advantage India as China faces headwinds

The reason behind the boom in housing sales in India