An Australian think tank says Beijing has increasingly targeted its South Pacific political allies with its shrinking aid budget as interest wanes in Chinese credit and competition grows with the United States for influence in the region
China’s declining aid to the South Pacific is increasingly targeted toward its political allies in the region as appetite there for Chinese credit declines and competition grows with the U.S. for influence, an independent Australian think tank reported Tuesday. Chinese overall economic influence among the 14 aid-dependent island nations in the region is losing ground because of better loan deals being offered by U.S.
The latest report revises previous Chinese annual contributions based on additional data but maintains the downward trend. “It reflects a strategic shift to reduce risk, cement political ties and enhance capital returns,” the report said. China’s $3.9 billion aid to the Pacific since 2008 was primarily directed to countries with official diplomatic ties to Beijing: These include Cook Islands, Fiji, Micronesia, Niue, Papua New Guinea and Samoa.
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