China Is A Loan Shark, Not A Benevolent Donor
Geopolitics|April 2023
The developing world is getting to know China in a very new role. And that new role is as the world’s largest official debt collector,
- PRAKASH NANDA
China Is A Loan Shark, Not A Benevolent Donor

Communist China has always been better in pursuing “chequebook-diplomacy” (offering countries cash or loans or development funds to switch allegiances and gain diplomatic leverage) than democratic Taiwan. Therefore, it was not surprising when on March 26 Honduras established diplomatic relations with China.

Taiwan is now left with only 13 small countries in the Caribbean, Latin America, and the Pacific (Oceania) that have diplomatic ties with it. However, if one considers the overall efficacy of the chequebook diplomacy in furthering a country's national interests, China has reasons to be cautious. Chequebook diplomacy is bouncing back in many a case. And as we will see a little later, this is happening in China's case too, though it is a great success story with regard to Taiwan.

When Taiwan, officially called the Republic of China (ROC) lost its membership of the United Nations in 1971, following the Sino-US reconciliation that paved the way for the communist China (People's Republic of China or the PRC) to enter the world body as part of "One China policy", there were still around 50 countries that continued to be with Taipei.

But that number has been dwindling, thanks systematically to China's aggressive chequebook diplomacy by offering countries cash or loans to switch allegiances. Honduras, the latest example, has admitted that it cut ties with Taiwan because it was “drowning” in debt and wanted the extra investment that China offered. China has excelled in doing this also in Oceania where it snatched countries from Taiwan’s magic.

この蚘事は Geopolitics の April 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Geopolitics の April 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

GEOPOLITICSのその他の蚘事すべお衚瀺
Lessons From Gaza And Lebanon
Geopolitics

Lessons From Gaza And Lebanon

The ongoing war, loosely called the Gaza War, is actually being fought in two different loosely connected segments; against the Hamas with a spill off in the West Bank and East Jerusalem areas against Palestinian factions and against the Hezbollah in Lebanon with a spill off in Syria. Treating Israel-Hamas War and the Lebanon War as separate entities, RAJ MEHTA explains the lessons from these wars

time-read
10+ 分  |
November 2024
POSITIVE STEPS TOWARDS POTENTIAL REGIONAL COOPERATION
Geopolitics

POSITIVE STEPS TOWARDS POTENTIAL REGIONAL COOPERATION

It has been a whirlwind of diplomatic activity for India recently. India participated in both the Shanghai Cooperation Organisation SCO) summit that took place in Islamabad on October 15-16, and the 16th BRICS Summit was held in Kazan, Russia, from October 2224, 2024. These back-to-back summits within a short span of time underscore India's active role in shaping regional and global diplomacy, balancing national interests with multilateral cooperation

time-read
8 分  |
November 2024
THE EAGLE'S EYE TEJAS MK-II RADAR PIERCES VEIL OF THE SKY
Geopolitics

THE EAGLE'S EYE TEJAS MK-II RADAR PIERCES VEIL OF THE SKY

The Tejas Mk-II, featuring DRDO's GaN-based Uttam AESA radar, marks a major leap in India's defence, enhancing range, precision, and multi-target tracking capabilities, highlights GIRISH LINGANNA

time-read
4 分  |
November 2024
PRIME MOVER
Geopolitics

PRIME MOVER

The indigenously developed Wheeled Armoured Platform (WhAP) has received a boost with its first export order from the Kingdom of Morocco

time-read
8 分  |
November 2024
TRANSFORMATIONAL INDUCTION
Geopolitics

TRANSFORMATIONAL INDUCTION

The GA-ASI MQ-9B will dramatically enhance the ISR and precision strike capabilities of the Indian armed forces

time-read
10 分  |
November 2024
TACAN PRINCIPLES OF OPERATION
Geopolitics

TACAN PRINCIPLES OF OPERATION

Navigation systems have evolved significantly since the Viking era, with Tactical Air Navigation TACAN) now widely used for air and sea travel. Post-World War Il, reliable systems became essential for safety and efficiency, as highlighted by DR. SUJAN KUMAR SARASWATI, in this article on TACAN’s operational principles.

time-read
10 分  |
November 2024
AIRBORNE TRACKER
Geopolitics

AIRBORNE TRACKER

Indigenous efforts towards AEW&C and AWACS platforms need to be stepped up even as international programmes extend the current state-of-the-art for such aircraft, highlights

time-read
9 分  |
November 2024
AFFORDABLE LETHALITY THE INDIAN DILEMMA
Geopolitics

AFFORDABLE LETHALITY THE INDIAN DILEMMA

India's defence dilemma is now being complicated by the lessons learnt in the Ukraine and Gaza wars because these conflicts are reshaping the way wars are fought in the modern world.

time-read
10+ 分  |
November 2024
FROM IMPORTS TO SELF-RELIANCE IN ARMS
Geopolitics

FROM IMPORTS TO SELF-RELIANCE IN ARMS

Self-reliance in Defence Production needs new ideas, new definitions _es and an appropriate methodology, argues AMIT COWSHISH

time-read
9 分  |
November 2024
"THE INDIAN AIR FORCE IS WORKING HARD TO REMAIN A CREDIBLE AIR FORCE"
Geopolitics

"THE INDIAN AIR FORCE IS WORKING HARD TO REMAIN A CREDIBLE AIR FORCE"

Commissioned into the fighter stream of the Indian Air Force on December 21, 1984, Air Chief Marshal AMAR PREET SINGH PVSM AVSM took over as the 28th Air Chief of India on September 30, 2024.

time-read
5 分  |
November 2024