The Dark Side of China Aid
International Herald Tribune, by Chris Walker and Sarah Cook
A growing number of developing countries receive billions of dollars a year in assistance, loans, and investments from China. Already in 2010, Beijing has committed $25 billion to Asean nations. In March, Zambia’s president returned from a trip to China with a $1 billion loan in hand.
As Beijing’s levels of foreign assistance swell and its relationship deepens with countries across Africa, Asia and Latin America, a key question emerges: What impact will investments by an opaque and repressive superpower have on governance standards in the developing world? Read more