By John F. Copper

ISBN-10: 1137532726

ISBN-13: 9781137532725

ISBN-10: 1349555932

ISBN-13: 9781349555932

This three-volume paintings is the 1st entire learn of China's international relief and funding international relations to track its evolution because the PRC's founding in 1949. quantity II presents an research of China's international relief and funding to nations and neighborhood companies in Asia from 1950 to the current day, studying overseas coverage objectives.

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Additional info for China’s Foreign Aid and Investment Diplomacy, Volume II: History and Practice in Asia, 1950-Present

Sample text

This was apparently intended for budget support. In any event, China got something for its aid: The next year the Indonesian government refused to label China an aggressor in the Sino-Indian War. 291 Finally, Beijing hoped to win Indonesia’s support for China’s position at the upcoming second Afro-Asian Conference. However, in September 1965 there occurred a Communist-led coup in Indonesia followed by the military seizing of power and decimating the Indonesian Communist Party. The military blamed China for instigating the initial coup and relations soured badly between the two countries.

252 After this Chinese warships generally stayed away from disputed maritime territory. Nevertheless, relations deteriorated again in 1997 when the two nations’ navies engaged in a face-off after it was reported that China had upgraded the structures it had built on Mischief Reef. ” In the context of growing concern among Southeast Asian nations over China’s “aggressive intentions” Beijing sought to convey the view that China wanted peaceful relations with the Philippines. ”256 Using this context China sought to build a new and cordial relationship with Manila.

296 In 1997 the Asian financial crisis gave China a nice opportunity to help Indonesia and win support from the government and the people while improving its image there and in neighboring countries. Indonesia’s financial sector was weak, in part precipitating the crisis there. The International Monetary Fund (IMF) came to the rescue, but its tight credit and higher interest rates policies precipitated bankruptcies and caused capital to flee the country, both of which created panic. It was estimated that in Indonesia bad debt rose from 9 percent to 50 percent and inflation looked to rise to 80 percent.

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China’s Foreign Aid and Investment Diplomacy, Volume II: History and Practice in Asia, 1950-Present by John F. Copper


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