Tuesday, April 30, 2013

$75 billion in previously secret Chinese aid to Africa

Economic development researchers have unveiled a database revealing details of China’s financial aid to Africa. The information bank dispels previous assumptions that Beijing is focusing solely on resource extraction and big infrastructure projects.

The database, which was developed by the Washington-based Center for Global Development and AidData, includes 1,673 Chinese development finance projects worth US$75 billion in 50 African countries from the years 2000-2011.