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).
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© 2013 Yasutami Shimomura and Hideo Ohashi
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Shimomura, Y., Ohashi, H. (2013). Why China’s Foreign Aid Matters?. In: Shimomura, Y., Ohashi, H. (eds) A Study of China’s Foreign Aid. Palgrave Macmillan, London. https://doi.org/10.1057/9781137323774_1
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DOI: https://doi.org/10.1057/9781137323774_1
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