Despite Slowing Economy, Beijing Continues Pumping Aid Into the Solomons, Kiribati

Started by Epoch-Times-Bot, Oct 31, 2022, 10:15 PM

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Epoch-Times-Bot

Oct 31, 2022, 10:15 PM
Despite Slowing Economy, Beijing Continues Pumping Aid Into the Solomons, Kiribati

Beijing is pumping more money into new developments in the Solomon Islands and Kiribati as "COVID-Zero" policies pummel the Chinese economy.
While Chinese aid flows to the overall Pacific region declined from 2016 to 2021, the Chinese Communist Party (CCP) has upped its investment in the Solomon Islands and Kiribati, which switched allegiances from Taiwan to Beijing in 2019, according to Lowy Institute's latest Pacific Aid Map.
“In both countries, sizeable new financing from China has displaced existing support from Taiwan,” according to the Sydney-based Lowy Institute. “China has not given up on using development assistance to cement key relationships.”
In April, the Solomon Islands signed a security agreement with Beijing, which raised concerns in the United States, Australia, and other Western countries. Under the agreement, Chinese police security personnel have begun training Solomon Islands police....

Source: Despite Slowing Economy, Beijing Continues Pumping Aid Into the Solomons, Kiribati

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