China spent US$14 billion on foreign aid between 2010 and 2012, with more than half going to Africa, Reuters reported, citing a government policy paper issued on Thursday. The policy paper provided no breakdown of aid recipients or yearly figures. In 2011, China put its total foreign aid over the past six decades at RMB256.29 billion (US$41.32 billion). Although it pales in comparison to US foreign aid, which is about US$46 billion for fiscal 2015, China says its aid has no political strings attached, unlike many Western countries. Chinese projects have attracted criticism for supporting governments with poor human rights records and lack of transparency.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved