Table of Contents

Handbook on China and Developing Countries

Handbook on China and Developing Countries

Handbooks of Research on Contemporary China series

Edited by Carla P. Freeman

This Handbook explores the rapidly evolving and increasingly multifaceted relations between China and developing countries. Cutting-edge analyses by leading experts from around the world critically assess such timely issues as the ‘China model’, Beijing’s role in international development assistance, Chinese peacekeeping and South-South relations, and developing countries and the internationalization of the renminbi. Chapters also examine China’s engagement with individual countries and regions throughout the developing world. For scholars, practitioners, and postgraduates, the volume’s breadth and depth of coverage will inform and guide present and future analysis.

Chapter 21: China in the Pacific Islands: impacts and implications

Terence Wesley-Smith

Subjects: asian studies, asian development, asian politics and policy, development studies, asian development, development studies, politics and public policy, asian politics, international politics

Extract

Although the debate about China’s rise tends to focus on implications for the global dominance of the United States (US), some of its most dramatic impacts have been on the developing world. China’s trade with developing countries has grown much faster than with developed economies, and the impact of Beijing’s diplomacy on the global South is evidenced by a plethora of recent investments and trade agreements, construction projects, and multilateral initiatives in Africa, Latin America, the Caribbean, the Middle East, and throughout Asia. The small states and territories of the Pacific Islands region are no exception to this trend, and China’s regional presence has increased dramatically in recent times. Beijing has formal relations with eight of the 14 independent or self-governing Pacific Island states, and is increasingly active in key regional organizations, including the Pacific Islands Forum. According to China’s Vice Premier Wang Yang, bilateral trade has grown at an annual rate of 27 percent since 2006, and is now valued at USD 4.5 billion. Led by China Metallurgical Corporation’s USD 1.4 billion Ramu Nickel mining venture in Papua New Guinea, Chinese commercial investment in the region has also increased rapidly and construction contracts to Chinese firms now total in excess of USD 5 billion.

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