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A Study of China’s Foreign AidWhy China’s Foreign Aid Matters?

A Study of China’s Foreign Aid: Why China’s Foreign Aid Matters? [China’s foreign aid is rapidly gaining momentum. While the term ‘foreign aid’ does not correspond in China to the OECD’s notion of ODA (official development assistance), the two concepts share certain similar basic elements, as Chapter 3 in this book illustrates. Although China is usually labelled an ‘emerging donor’, it has a long history of aid-giving, as assistance to Vietnam and the Democratic People’s Republic of Korea was started in 1950. After a period of stagnation, China began to accelerate its foreign aid in the 1990s; it established the Export-Import (EXIM) Bank of China in 1994 and introduced concessional loans in 1995. Since then, China has rapidly expanded its activities in the developing world under its strategy of zouchuqu (going out).] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Study of China’s Foreign AidWhy China’s Foreign Aid Matters?

Editors: Shimomura, Yasutami; Ohashi, Hideo
Shimomura, Yasutami; Ohashi, Hideo
A Study of China’s Foreign Aid — Oct 26, 2015
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References (10)

Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2013
ISBN
978-1-349-45878-3
Pages
3 –15
DOI
10.1057/9781137323774_1
Publisher site
See Chapter on Publisher Site

Abstract

[China’s foreign aid is rapidly gaining momentum. While the term ‘foreign aid’ does not correspond in China to the OECD’s notion of ODA (official development assistance), the two concepts share certain similar basic elements, as Chapter 3 in this book illustrates. Although China is usually labelled an ‘emerging donor’, it has a long history of aid-giving, as assistance to Vietnam and the Democratic People’s Republic of Korea was started in 1950. After a period of stagnation, China began to accelerate its foreign aid in the 1990s; it established the Export-Import (EXIM) Bank of China in 1994 and introduced concessional loans in 1995. Since then, China has rapidly expanded its activities in the developing world under its strategy of zouchuqu (going out).]

Published: Oct 26, 2015

Keywords: Foreign Direct Investment; Development Cooperation; Development Assistance Committee; Concessional Loan; Traditional Donor

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