June 10, 2014
How 'rogue' is China's aid?
In May Chinese Premier Li Keqiang pledged $12 billion in new development assistance to African governments and promised technology transfers to make high-speed rail a reality on the continent. His pledge reflects China"s rise to the status of major player in global development finance, with annual development assistance equaling or surpassing aid from the United States, the biggest player in the aid game. In addition, China has had a meteoric rise as an international trader and source of foreign direct investment (FDI).