Accession Number : ADA584960
Title : China's Foreign Aid and Government-Sponsored Investment Activities: Scale, Content, Destinations, and Implications
Descriptive Note : Research rept.
Corporate Author : RAND NATIONAL DEFENSE RESEARCH INST SANTA MONICA CA
Personal Author(s) : Wolf, Jr , Charles ; Wang, Xiao ; Warner, Eric
Report Date : Jan 2013
Pagination or Media Count : 94
Abstract : With the world's second largest economy, China has the capacity to engage in substantial programs of development-assistance and government investment in any and all of the emerging market countries. In the first decade of the 21st century, it has expanded and directed this capacity in 93 countries for both the benefit of the recipients and its own interests. Yet, until recently, little was known about the size and direction of such programs. Thomas Lum of the Congressional Research Service (CRS) offered an initial estimate of the scope and purpose of China's aid and government-sponsored investment activities in Africa, Latin America, and Southeast Asia. In this report, we expand upon those findings, assessing the scale, trends, and composition of China's foreign aid and government-sponsored investment activities (FAGIA) in Africa, Latin America, the Middle East, South Asia, Central Asia, and East Asia. We find that such programs have burgeoned in recent years, with an emphasis on the development of foreign supplies of energy resources and ferrous and nonferrous minerals. Loans finance many of these programs and feature substantial subsidization, but loans also are accompanied by rigorous debt-servicing conditions that distinguish China's foreign aid from the grant financing that characterizes development aid provided by the United States and other nations of the Organization for Economic Co-operation and Development.
Descriptors : *CHINA , *DEVELOPING NATIONS , *FOREIGN AID , *GOVERNMENT(FOREIGN) , *INVESTMENTS , AFRICA , CENTRAL ASIA , CRUDE OIL , DATA BASES , ECONOMIC DEVELOPMENT , INFRASTRUCTURE , LATIN AMERICA , MIDDLE EAST , MINERALS , NATURAL GAS , NATURAL RESOURCES , SOUTH ASIA , SOUTHEAST ASIA
Subject Categories : Economics and Cost Analysis
Government and Political Science
Distribution Statement : APPROVED FOR PUBLIC RELEASE