The Taiwan Thinktank yesterday urged political parties to pay attention to China’s democratic development and refrain from falling into an “economic diplomacy” trap, which it said has replaced human rights with money power.

In a report published yesterday, the think tank said China has launched “global economic diplomacy” in the attempt to expand its global domination. It has increased its investment in the eurozone and hopes to salvage the European economy and has done the same in Africa in a bid to expand its influence on that continent.