China pledges $15 million to Palestinians amid major push (To Buy) Mideast influence


(THIS ARTICLE IS COURTESY OF THE TIMES OF ISRAEL)

 

China pledges $15 million to Palestinians amid major push for Mideast influence

President Xi announces plan to give Arab states more than $23 billion for economic development, calls them ‘natural partners’ of China

China's President Xi Jinping gives a speech during the 8th Ministerial Meeting of China-Arab States Cooperation Forum at the Great Hall of the People in Beijing on July 10, 2018. (AFP PHOTO / WANG ZHAO)

China’s President Xi Jinping gives a speech during the 8th Ministerial Meeting of China-Arab States Cooperation Forum at the Great Hall of the People in Beijing on July 10, 2018. (AFP PHOTO / WANG ZHAO)

China will provide Palestinians with more than $15 million in aid, President Xi Jinping told top Arab officials Tuesday, as Beijing seeks to build its influence in the Middle East and Africa.

The 100 million yuan pledge to Palestinians was made as part of a plan to give Arab states more than $23 billion in lines of credit, loans and humanitarian assistance for economic development.

The money will be earmarked for “projects that will produce good employment opportunities and positive social impact in Arab States that have reconstruction needs,” said Xi, without providing further details.

It is part of a special Chinese program for “economic reconstruction” and “industrial revitalization,” Xi told participants at a China-Arab States forum in Beijing’s Great Hall of the People.

Beijing is also prepared to provide another one billion yuan ($151 million) to countries in the region to “build capacity for stability maintenance,” Xi said, using a term commonly associated with policing and surveillance.

Xi said that Syria, Yemen, Jordan and Lebanon would receive $91 million in humanitarian assistance.

Since taking office, Xi has overseen a concerted effort to expand Chinese influence in the Middle East and Africa, including the construction of the country’s first military base in Arab League state Djibouti.

China has already provided vast sums to Arab countries, with Djibouti alone owing some $1.3 billion, according to estimates from the US-based China Africa Research Initiative.

The financial largess has raised concerns both at home and abroad over the vulnerability of poor nations to such massive debt.

Last year Sri Lanka was forced to hand over majority control of its Hambantota port to China after being unable to repay its loans.

Syrian President Bashar Assad addresses the newly elected parliament in Damascus, Syria, on June 7, 2016. (SANA, the Syrian official news agency, via AP)

China has also provided diplomatic support for Syrian President Bashar Assad in the country’s seven-year civil war.

At the heart of Xi’s vision is the “Belt and Road” initiative, a $1-trillion infrastructure program billed as a modern revival of the ancient Silk Road that once carried fabrics, spices and a wealth of other goods between Asia, Africa, the Middle East and Europe.

The Arab states’ position at the center of the ancient trade route makes them “natural partners” in China’s new undertaking, he said, adding he expected the summit would end with an agreement on cooperation on the initiative.

“Chinese and Arab peoples, though far apart in distance, are as close as family,” he said, describing a romanticized history of trade along the Silk Road.

The project, which has already financed ports, roads and railways across the globe, has spurred both interest and anxiety in many countries, with some seeing it as an example of Chinese expansionism.

“China welcomes opportunities to participate in the development of ports and the construction of railway networks in Arab states” as part of a “logistics network connecting Central Asia with East Africa and the Indian Ocean with the Mediterranean,” said Xi.

READ MORE:

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s