More Chinese loans to Pacific islands but no debt forgiveness

Abstract

Earlier this week, Chinese Vice Premier Wang Yang pledged increased assistance to eight Pacific island countries at the 2nd China-Pacific Islands Countries Economic Development and Cooperation Forum in Guangzhou. There were similarities with the first such forum held seven years ago in Nadi, Fiji. Both forums were attended by leaders from China and the Pacific. Both saw a commitment by China to increase trade and share expertise in areas such as healthcare, education, tourism and disaster relief. And both meetings saw a substantial commitment to provide financing to the region. Show more