China turns on charm offensive for Bhutan
The Himalayan kingdom may be in the middle of a power play between regional rivals - long-time protector India, and China.
Thimphu
CHINA has begun courting the only neighbouring country with which it does not yet have diplomatic relations - Bhutan. Throughout modern history, the Himalayan kingdom has depended heavily on India, which is following events closely.
Bhutan, a 38,394-square-kilometre country with 750,000 inhabitants, is in the unenviable position of being squeezed between the two most populous countries on earth that are also regional rivals. China is keen to establish diplomatic relations with Bhutan, although authorities in Thimphu recognise that such a move could not be done without at least tacit approval of India.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access