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

Modi Ends China Trip, US Hails India Ties

US termed India-US ties as a “defining relationship of the 21st century”, stating that partnership between both countries continues to reach new heights….reports Asian Lite News Shortly after videos and images of

India Snubs China’s BRI Again

India has refused to support China’s BRI during the previous SCO Summits as well….reports Asian Lite News On Monday, India once again withheld its support for China’s controversial Belt and Road Initiative

SCO Slams Pahalgam Terror Attack

In the Tianjin Declaration, SCO leaders offered condolences to families of the terror attack victims….reports Asian Lite News Shanghai Cooperation Organisation (SCO) member states strongly condemned the April 22 Pahalgam terror attack,

Modi Targets Nations Backing Terror at SCO summit

The Prime Minister reiterated India’s consistent opposition to terror financing and any support to extremist groups….reports Asian Lite News With Pakistan’s Prime Minister Shehbaz Sharif present, Prime Minister Narendra Modi on Monday
Go toTop

Don't Miss

China making a move on Bagram airfield?

China is considering deploying military personnel and economic development officials

‘US solidarity with 23 mn people of Taiwan is more important’

Hundreds of Taiwanese, as well as Tibetans, gathered at her