Thursday, January 9, 2020

China Reshapes International Development Assistance

The Carnegie Endowment for International Peace published on 8 January 2020 a Q & A titled "How China Is Reshaping International Development" with Matt Ferchen, Mercator Institute for China Studies.

About half of China's global aid (but not concessional loans) goes to Africa. The author believes that China's new development agency is unlikely to change China's often self-serving commerce as development approach to its aid program. Nor has the Belt and Road Initiaitive (BRI) fundamentally altered China's development-themed approach to foreign economic policy. China was promoting loans-for-infrastructure deals in Africa and elsewhere well before it announced BRI in 2013.