China to visit Solomon Islands amid fears Beijing is seeking greater influence in Pacific region

5/24/2022 11:12:00 PM

Foreign Minister Wang Yi is expected on his visit to sign a controversial security deal struck between China and the Solomon Islands that was leaked in March

Foreign Minister Wang Yi is expected on his visit to sign a controversial security deal struck between China and the Solomon Islands that was leaked in March

Chinese Foreign Minister Wang Yi will also visit Kiribati, Samoa, Fiji, Tonga, Vanuatu, Papua New Guinea, East Timor and Fiji. The 10-day tour has sparked major fears about influence in the region among Western powers.

Image:Why you can trust Sky NewsChina's foreign minister is visiting the Solomon Islands this week amid Western fears that Beijing is seeking greater influence in the Pacific.Foreign Minister Wang Yi will visit the island nation on Thursday, becoming the highest-ranking Chinese official to do so since diplomatic relations were formalised between the two countries two-and-a-half years ago.

Mr Wang will address a 20-person delegation and is expected to sign acontroversial security dealstruck between China and the Solomon Islands that was leaked in March.If agreed, it would allow China to send in police and military personnel to"assist in maintaining social order" and let its warships stop on the islands for"logistical replenishment".

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simple. australia & nz should sign a security deal with taiwan. tit for tat 👌🏼

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Tuesday 24 May 2022 16:33, UK Image: Why you can trust Sky News China's foreign minister is visiting the Solomon Islands this week amid Western fears that Beijing is seeking greater influence in the Pacific.uncompromising zero-covid policy is just one recent conundrum that has led foreign fund managers to question whether China is losing its pragmatic approach to managing the economy.Mon 23 May 2022 20.Biden Says The U.

Foreign Minister Wang Yi will visit the island nation on Thursday, becoming the highest-ranking Chinese official to do so since diplomatic relations were formalised between the two countries two-and-a-half years ago. Mr Wang will address a 20-person delegation and is expected to sign a controversial security deal struck between China and the Solomon Islands that was leaked in March. Add in the timing of his crackdown on tech groups such as Alibaba, an e-commerce company, and on the leverage of property giants such as Evergrande, and it helps explain why some of the world’s largest investment groups are questioning the quality of leadership in Beijing. If agreed, it would allow China to send in police and military personnel to"assist in maintaining social order" and let its warships stop on the islands for"logistical replenishment". The United Nations high commissioner for human rights, Michelle Bachelet , embarked on a six-day trip to China on Monday. This has led to major fears the Chinese could be planning to set up a military base on the island, which is of huge strategic importance in the Pacific region. The events of 2022 could shape how global investors view China for years to come. Advertisement The concerns have been further fuelled after an announcement by China's foreign ministry that Mr Wang will follow his trip to the Solomon Islands with others to Kiribati, Samoa, Fiji, Tonga, Vanuatu, Papua New Guinea and East Timor. Evan Vucci—AP Josh Boak, Aamer Madhani and Zeke Miller May 23, 2022 6:39 AM EDT TOKYO (AP) — President Joe Biden said Monday that the U.

He will also host a meeting of all Pacific Island foreign ministers while in Fiji. They have knocked $2trn from Chinese shares listed in Hong Kong and New York. No international journalists will be allowed to travel with Bachelet, but she will hold a press conference on 28 May, her office has said. 'Quad' countries meeting to limit Chinese influence It comes after US President Joe Biden met with leaders of the 'Quad' group - Japan, Australia and India. The summit was aimed at limiting Beijing's economic and military in the region, where Australia and New Zealand dominate and tensions run high over the issue of Taiwan. China’s property firms have sold just $280m in high-yield dollar bonds so far in 2022, down from $15. Mr Biden met with newly elected Australian PM Anthony Albanese . His administration has pledged to set up a Pacific defence school that would train nearby armies to counter a potential Chinese military presence on the Solomon Islands. Within China, the value of yuan-denominated financial assets held by foreigners fell by more than 1trn yuan ($150bn) in the first three months of 2022, the biggest drop ever. “That’s the commitment we made,” he added.

Read more: Australia and New Zealand's 'major concerns' over security deal However the Solomon Islands government has insisted that its partnership with China will not come at the expense of its ties with Australia, the US and others. "Prime Minister Sogavare looks forward to a productive engagement with PRC (the People's Republic of China) as an important development partner at a very critical time in our history," a statement said. Onshore markets were one of the linchpins in China’s relations with the outside world. A Chinese Foreign Ministry spokesperson added:"It is believed that the meeting will play an important role in promoting solidarity and cooperation between China and the Pacific Island countries and in advancing the development of our relations." Related Topics . Even as relations between America and China soured during the Trump years, and a trade war dampened global sentiment, an exuberance for onshore securities took hold of many of the world’s biggest financial groups.