Foreign aid in China

Author: Zhou Hong
Publisher:
Publish Date: 2007-02-01
Features: China is one of the largest recipient countries in the world. In the 60 years following World War II, China has received foreign aid from various channels and of different types. In terms of amount, the inflow of foreign aid into China is far lower than foreign investment, but its influence is no less than that of foreign investment. An important reason for this is that the activities of foreign aid are not limited to the economic field. Within the principles and methods of aid, the power, social strength, and cultural strength of the donors are embodied. Along with the aid money flowing into China, there were not only "preferential capital" but also the technology, ideas, and methods of the donors. While China was digesting, absorbing, and learning from these technology, ideas, and methods, it carried out large-scale economic construction and institutional innovation. Therefore, the power of foreign aid tools exceeded that of traditional diplomatic tools. The author of this book sorts out the institutions that provided aid to China and their methods, analyzes the changes in concepts, methods, and mechanisms brought by foreign aid, and evaluates the role of foreign aid in the formation of the "Chinese development model." It is hoped that this will help explain the channels and significance of foreign aid in the interconnection, communication, assistance, and influence among international powers.