Foreign aid to China

Source: Wikipedia, the free encyclopedia.

Foreign aid to the People's Republic of China since 1949 has taken the form of both bilateral and multilateral official development assistance and official aid to individual recipients.

In 1978, China and Japan normalized their diplomatic relations. Deng Xiaoping had visited to Japan to sign a treaty and to look at its development. As a result, China decided to borrow US$220 million in soft loans from Japan when the amount of foreign currency preparation was US$167 million. China poured that money into social infrastructure.

In 2001 China received US$1.4 billion in foreign aid, or about US$1.10 per capita. This total was down from the 1999 figure of US$2.4 billion, or US$1.90 per capita. In 2003 China received US$1.3 billion in aid, or about US$1 per capita. Like other countries in recent years, the United States has rapidly reduced its aid to China, reaching about $12 million from

climate change policy.[1]
In 2011, an aid package amounting to $3.95 million and designated for climate change was the subject of a critical Congressional panel hearing titled "Feeding the Dragon: Reevaluating U.S. Development Assistance to China".

Some of this

UN Development Programme
(UNDP).

See also

Notes

References

  1. ^ a b "FEEDING THE DRAGON: REEVALUATING U.S. DEVELOPMENT ASSISTANCE TO CHINA" (PDF). Archives.republicans.foreignaffairs.house.gov. Archived from the original (PDF) on 24 February 2013. Retrieved 4 December 2017.