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    Can China harness its financial assets into financial power : evidence from Africa and Latin America. by Koh, De Wei.

    Published 2013
    “…An analysis of recent cases shows that while China is able to successfully harness its financial power in its pursuit for oil, it needs to fulfil its promises to the satisfaction of the recipient countries in order to maintain the value of its offers. In the political domain, China had used its financial assets to purchase diplomatic allegiance from various African and Latin American countries in support of the One-China Policy. …”
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    Thesis
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