I just read about how China’s even giving out to Venezueal in the Washington Post (here’s an article in case you’re interested:http://economictimes.indiatimes.com/news/international-business/China-gives-20-bn-to-Venezuela-in-exchange-for-fuel/articleshow/5830572.cms). I was wondering how much China does this. It seems like China is on the rise and is becoming a creditor nation. Has anyone done an extensive study (aside from all the things done about what China does with the U.S.) on China’s aid program? I was just wondering what else they do and what they’ve done when they’ve gotten mad at the other country involved.
What is clear, however, is that China’s foreign aid and government-supported economic projects have grown dramatically in recent years. Research done by the New York University Robert F Wagner Graduate School of Public Service indicates that Chinese assistance to Africa, Latin America and Southeast Asia grew from less than $1 billion in 2002 to $27.5 billion in 2006. The same research shows that sum fell modestly to $25 billion in 2007.
Thanks! That would confirm my bias that Chian is a creditor nation, and, that’s why it has so much liquidity.
What happens when someone does something China doesn’t like?
My adopted country, Dominica, switched from recognizing Taiwan to recognizing China several years ago. The reason was that China outbid Taiwan by a very significant margin. At least for small countries like mine, the Chinese really don’t seem to ask for a whole lot in return other than having a “one China” policy with the mainland being that one China. On the other hand, Dominica’s entire population could fit in a modern U.S. football stadium, so it’s not like we’d have that much else to offer anyway.
-=Steve=-