Where is China targeting its development finance?
by China Power
China has emerged as one of the world’s largest providers of development finance. Between 2000 and 2014, China extended a total of $354 billion in loans, grants, and other resources to countries across the globe. As China continues to establish itself as a major source of development finance, it is important to consider how this spending intersects with Beijing’s growing political and economic interests.
This interactive feature tracks China’s development finance. Use it to explore both the number of projects funded by China and the proportion of funds that meet the strict international definition of Official Development Assistance (ODA). This aid-like spending helps boost economic growth in recipient countries, and is contrasted with other forms of financing that are targeted at commercial gains. For more details, see these definitions.
China’s development finance differs from that of other countries. Over 75 percent of China’s worldwide financing between 2000 and 2014 did not meet the strict Official Development Assistance (ODA) standards set by the Organization for Economic Co-operation and Development (OECD). Rather, China’s development finance is often categorized as Other Official Flows (OOF), which represent funding that is typically less concessional than ODA and is not necessarily designed to promote the economic development and welfare of recipient countries. Development finance from other major economies, such as the US, the European Union (EU), and Japan, typically conforms to OECD standards. Read more…