13 Feb '18, 3am

China Wants To Turn The Indian Ocean Into The China Ocean

China Wants To Turn The Indian Ocean Into The China Ocean

China wants to turn the vast Indian Ocean into the China Ocean. When it comes to investment and commerce that is. To execute this grand plan, Beijing is investing heavily in several infrastructure projects. Like Sri Lanka’s ports of Colombo and Hambantota, which give Beijing a trade outpost into the Indian Ocean. And the China–Pakistan Economic Corridor (CPEC), a colossal infrastructure project, which connects China’s western territories to the Indian Ocean. But that’s the old news. The new news is that China is turning Maldives into another trading outpost with the acquisition of land there, and the signing of a free trade agreement. These developments have irked India, for a couple of reasons. One of them is economic. Sri Lanka and Maldives can serve as a base for China to flood the Indian market with its products. Malvides, for instance, has a free trade agreement with ...

Full article: http://www.defencenews.in/article.aspx?id=536384

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