China's foreign aid comes with 'no strings attached'

09:59, April 27, 2011      

Email | Print | Subscribe | Comments | Forum 

While China's booming economy has allowed it to become a major provider of aid to other countries, analysts warned that Beijing needs to adjust its foreign aid policy to fit the fast-changing world.

At a press briefing on Tuesday, Vice Minister of Commerce Fu Ziying outlined the White Paper on China's Foreign Aid released by the State Council Information Office.

"China does not attach any political strings to its aid. Our foreign aid programs are based on the principles of equality, mutual benefit and mutual development," Fu said. "Many developing countries lack hospitals and roads. Our aid is concentrated on sectors where they need it most."

According to the white paper, by the end of 2009, China had provided 256.29 billion yuan ($39.27 billion) in aid to foreign countries, including 106.2 billion yuan in grants, 76.54 billion yuan in interest-free loans and 73.55 billion yuan in concession loans.

The aid went to 161 countries and more than 30 international and regional organizations. Since 2004, the country's budgeted foreign aid has increased at an annual rate of 29.4 percent.

Yin Jiwu, a professor from the School of International Relations and Diplomacy at Beijing Foreign Studies University, said that unconditional aid does not always result in a win-win situation.

According to The Economist, although China deserves credit for helping millions of Africans, its unconditional aid may indirectly facilitate corruption in the region, resulting in faulty projects that in turn damage China's image.

The lack of transparency in aid deals between African countries and Beijing also helps embezzlers and fuels suspicion, the magazine added.

Pang Zhongying, a professor at the School of International Studies of the Renmin University of China, told the Global Times that it is time for China to attach conditions to its aid.

"With the scale of aid growing every year, its selfless nature may draw suspicion from taxpayers about exactly how the aid is used, especially when it goes to a country with a terrible record of corruption," Pang said.

"We also need to send independent inspectors to check the usage of the aid money, including the details of all the spending, the quality of the project and its impact on the local economy, environment and society. In this way we can improve transparency of our aid and avoid being linked to misconduct," he added.


【1】 【2】


Source: Global Times
 
 
     
 
BRICS Leaders Meeting 2011
 
Japan in aftershocks
 
     
 
 
 
  Weekly review  
 
April 20   Beijing-Shanghai high-speed rail to remove luxury seats
 
April 18   China undergoing shift into nation of consumers
April 18   Zhejiang checks food, raids illegal bun makers
April 19   SASS: Chinese students mentally healthier than Asian peers
April 23   The week in pictures
April 19   Build legal bulwark against moral decline
April 21   'China model' 30 years on: from home to abroad
April 21   Piano student's bloody crime heart-wrenching in China
April 18   China places firmer lid on home prices
April 19   China puts brake on economic bullet train
 
     
 
 

(Editor:梁军)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • BRICS Leaders' Meeting 2011
  • Focus On China
Major headlines
Editor's Pick
  • Solar halo observed in SW China
  • Jiang Wen brings "Let the Bullets Fly" to 10th Tribeca Film Festival
  • Cast members promote "Fast and Furious 5" in Madrid
  • Classic film scores reenacted during Beijing Int'l Film Festival
  • Sino-Australian co-op to go beyond the buyer-seller one
  • Blancpain showcases new timepieces in Beijing
Hot Forum Dicussion