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xchrom

(108,903 posts)
Thu Jul 10, 2014, 06:21 AM Jul 2014

More Than Half Of China's Recent Foreign Aid Went To Africa

http://www.businessinsider.com/r-china-says-more-than-half-of-foreign-aid-given-to-africa-2014-10



BEIJING (Reuters) - More than half of China's foreign aid of over $14 billion between 2010 and 2012 was directed to Africa, the government said on Thursday, underscoring Beijing's interest in the resource-rich continent to fuel its economy.

Some Chinese projects have attracted attention for China's support of governments with poor human rights records and lack of transparency, such as Zimbabwe, Sudan and Angola.

It provided no breakdown of aid recipients or any yearly figures. In 2011, China put its total foreign aid over the past six decades at 256.29 billion yuan ($41.32 billion).

While the number pales in comparison with the United States' foreign aid, which is about $46 billion for fiscal 2015, China says its aid has no political strings attached, unlike many Western countries.



Read more: http://www.businessinsider.com/r-china-says-more-than-half-of-foreign-aid-given-to-africa-2014-10#ixzz373l6YPoF
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