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China’s Foreign Aid Policy and Mechanisms

  • Hong Zhou
Chapter
  • 662 Downloads
Part of the Research Series on the Chinese Dream and China’s Development Path book series (RSCDCDP)

Abstract

The question of China’s foreign aid began at the time of the founding of the People’s Republic of China and it spans a period of more than six decades. Over the past six decades, China’s foreign aid has played a gradual, subtle role in China’s external relations, and is thus irreplaceable by other diplomatic tools. In 1949, China faced the first full blockade and embargo by the Western world since the founding of New China; the “lop-sided” diplomatic policies helped China secure economic aid from the Soviet Union. China not only embarked on the road of rapid industrialization by leveraging this aid, but it also began to provide military and economic aid to other countries in the socialist camp, such as North Korea, Vietnam and Mongolia, by following the principles of proletarian internationalism. Later, in light of the need for national independence and economic development by countries in Asia, Africa and Latin America, New China began to offer economic and technological assistance to these countries. After the Chinese economic reform, the scale of China’s foreign aid steadily increased and its influence grew, thus increasingly attracting global attention.

Keywords

Foreign Trade State Council Recipient Country Chinese Enterprise Foreign Assistance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Social Sciences Academic Press and Springer Science+Business Media Singapore 2017

Authors and Affiliations

  • Hong Zhou
    • 1
  1. 1.Academic Division of International StudiesChinese Academy of Social SciencesBeijingChina

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