The latest research shows that China ’s aid for the Pacific region is decreasing, but it is more targeted and focuses on supporting partners and strategic countries.
Comprehensive Bloomberg and Agence France -Presse reported that a latest study released by the Roy Research Institute on Tuesday (October 31) showed that since the outbreak of the crown disease, China's overall assistance to the Pacific region has someIt has fallen to a long -term average by 2021.
According to the report, China's expenditure in the Pacific region reached a peak of US $ 384 million (about S $ 524 million) in 2016, but it has reduced to $ 241 million in 2021.
The report wrote: "Nevertheless, the reduction in direct investment in China's external external investment does not mean a comprehensive withdrawal from the area, but a strategic change in reducing risk, consolidating political relations, and increasing capital returns."
The report mentioned that the Beijing government is turning to provide more assistance to those countries in diplomacy that move from Taiwan to Beijing.
After the Solomon Islands announced the signing of security partnership with the Chinese government last April, the small country in the South Pacific has become Geopania Competition .
After the Solomon Islands and Kiribas broke their diplomatic relations with Taiwan in 2019, the Beijing government increased economic assistance to the two countries, including investing in popular projects such as the Honey La Pacific Games Stadium this year.
However, the report said that Australia is still the largest assistant partner in the Pacific region, accounting for about 40%of the total financing of the region, followed by Asian Development Bank and China.At the same time, the development assistance to the Pacific has gradually changed from the form of gifts to loans, accounting for 12%in 2009 to nearly 40%in 2021.
