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China Used Reserves To Sway Costa Rica.
- Source :
-
Wall Street Journal - Eastern Edition . 9/13/2008, Vol. 252 Issue 63, pB3. 0p. - Publication Year :
- 2008
-
Abstract
- The article reports that China utilized its foreign-exchange reserves to purchase bonds from Costa Rica in order to persuade the Latin American nation to shift diplomatic recognition to China from Taiwan. The information was contained in documents released by the Costa Rican government. A long tradition of "checkbook diplomacy" practiced by rivals China and Taiwan led to the Costa Rica purchase. China's economic strength has allowed it to outmaneuver Taiwan and convince countries to change their ties.
- Subjects :
- *DIPLOMACY
*INTERNATIONAL relations
*BONDS (Finance)
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 252
- Issue :
- 63
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 34475017