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Why China’s Foreign Aid Matters?

  • Yasutami Shimomura
  • Hideo Ohashi

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).

Keywords

Foreign Direct Investment Development Cooperation Development Assistance Committee Concessional Loan Traditional Donor 
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

© Yasutami Shimomura and Hideo Ohashi 2013

Authors and Affiliations

  • Yasutami Shimomura
    • 1
  • Hideo Ohashi
    • 2
  1. 1.Hosei UniversityJapan
  2. 2.Senshu UniversityJapan

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