China's Trillions in Aid to Africa
Photo credit: Feng Lei, China Foto Press Gamma |
Is China providing trillions in aid to Africa? Apparently Mugabe’s government in Zimbabwe thought so, and they were disappointed when their effort to reap a mere $30 billion in budget support fizzled in the face of the reality: Chinese finance is far more modest than this. Official aid is especially limited. And unlike the West, China rarely gives direct budget support. When it does, the amount is generally tiny: $5 million.
Source: http://www.chinaafricarealstory.com/2014/03/chinas-trillions-in-aid-to-africa.html
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