China could be among the countries that would align with Afghanistan and take advantage of its resources following the Taliban’s takeover, an analyst warned in a CNBC report.
- AllianceBernstein Director of Emerging Market Debt Shamaila Khan said China should follow international terms should it choose to forge an alliance with the Taliban in order to gain access to the trillions of dollars worth of assets.
- Khan said countries should come together and ensure that any territory that would ally with the Taliban to exploit Afghanistan’s resources would undergo international scrutiny.
- The warning comes as Chinese Spokesperson Hua Chunying on Monday said the country had maintained contact with the Afghan Taliban, noting that the country played a role in promoting the political settlement of the Afghan issue.
- Hua also said China is prepared to continue to develop “good-neighborliness and friendly cooperation” with Afghanistan, adding that it is open to playing a “constructive role” in reconstruction.
A 2020 report estimated Afghanistan to have rare earth metals worth between $1 trillion and $3 trillion. A 2021 report pegged the current value at about $3 trillion.