China provided 89.3 billion yuan in foreign aid in three years up to 2012
State Council says China's foreign aid has risen in recent years and has provided the equivalent of US$14.4b to nations around the world, including to 12 countries in Europe
China, the world’s second-largest economy, provided a total of 89.3 billion yuan (HK$112 billion) in foreign aid in the three years to 2012, it said on Thursday.
The assistance, in the form of grants, interest-free loans and concessional loans, went to 121 countries – 12 of them in Europe – the State Council said in a report.
The total amounts to 0.06 per cent of China’s combined Gross Domestic Product (GDP) of 139 trillion yuan over the period, far below the 0.7 per cent target proclaimed by the UN for developed nations.
The US, which has an economy almost twice the size of China’s, provided a total of US$31.2 billion (HK$242 billion) in economic assistance during fiscal year 2012 alone, according to figures on the website of the United States Agency for International Development.
The State Council did not specify which European countries received aid from Beijing.
Of the others, 51 were in Africa, 30 in Asia, 19 in Latin America and the Caribbean, and nine in Oceania, the report said. Regional organisations, including the African Union, also received aid, it added.
