China Is Close to Matching US on Foreign-Aid Money

choi

Joe MacDonald, Report: China Catching up to US in Foreign Aid Flow. Associated Press, Oct 11, 2017
https://www.usnews.com/news/busi ... in-foreign-aid-flow

Quote:

"China is close to matching the United States as a source of official grants and loans to developing countries, but much of Beijing's financing serves its own economic interests and yields scant benefits for recipients

"The research whose report is released today, Oct 11] by AidData, a lab at the College of William & Mary in Virginia, is the most extensive effort yet to measure official financing by China, which releases few details of its aid flows.

"China gave or lent $354.4 billion in the 15 years ending in 2014 in Africa, Asia and elsewhere, compared with $394.6 billion for the United States, according to AidData. It released a database of Chinese financing, assembled from thousands of sources of information, and a study on its impact

My comment: There is no eed to read the rest.