It is important to see China's activities in the Pacific Islands, not just in terms of a specific set of interests, but in the context of Beijing's recent efforts to develop a comprehensive and global foreign policy. China's policy towards Oceania is part of a much larger outreach to the developing world, a major work in progress that involves similar initiatives in Asia, Africa, Latin America, and the Middle East. This groundbreaking study of China's "soft power" initiatives in these countries offers, for the first time, the diverse perspectives of scholars and diplomats from Oceania, North American, China, and Japan. It explores such issues as regional competition for diplomatic and economic ties between Taiwan and China, the role of overseas Chinese in developing these relationships, and various analyses of the benefits and drawbacks of China's growing presence in Oceania. In addition, the reader obtains a rare review of the Japanese response to China's role in Oceania, presented by Japan's leading scholar of the Pacific region.
Read alsoCalculation of Portfolio Weights
Plot the CAL using the Treasury Bill. For this question, assume the annual T-bill rate is 12% to make the graph easier to read