Eric Baculinao: China gambles on the Third World


China’s venture into the Third World that began with the first summit in Bandung, Indonesia, 50 years ago is finally paying dividends for the lumbering economic giant.


As China goes where few others will venture ” fostering diplomatic and economic ties with nation’s viewed with various degrees of disdain by Washington such as Sudan, Zimbabwe, and Venezuela – its economic star is rising while undercutting the United States as well as its main Asian rival, Japan.

China’s President Hu Jintao, is in Indonesia this weekend to confer with other top leaders from Asia and Africa and commemorate the landmark conference that provided then fledgling Communist China with its first platform for breaking out of its international isolation.

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