China Issues White Poper on Foreign Aid.docVIP

China Issues White Poper on Foreign Aid ON April 21,China issued itsfirst-ever White Paper,present-ing an overall picture of its for-eign aid activities over the pastdecades.The White Paper,titled ChinasForeign Aid,details how,while focus-ing on its own development,China hasfulfilled its international obligations byproviding as much aid as possible to otherdeveloping countries,especially thosewith economic difficulties.The WhitePaper,issued by the Information Office ofthe State Council,introduces Chinas for-eign aid policy and the financial resourcesthat the aid has drawn upon in the past,as well as revealing Chinas cooperation ininternational aid activities. 　　 The White Paper describes Chinasforeign aid activities as South-Southcooperation and mutual help betweendeveloping countries, as China is theworlds largest developing country.Thebasic features of Chinas foreign aidpolicy are as follows: Unremittinglyhelping recipient countries build uptheir self-development capacity; impos-ing no political conditions; adhering toequality,mutual benefit and commondevelopment; remaining realistic whilestriving for the best as it provides foreignaid within the reach of its abilities and inaccordance with its national conditions;keeping pace with the times and payingattention to reform and innovation. 　　Financial resources provided by Chinafor foreign aid mainly fall into threetypes: grants (aid gratis),interest-freeloans and concessionaI loans.By theend of 9009,China had provided a totalof RMB 256.29 billion in aid to foreigncountries,including RMB 106.2 billion ingrants,RMB 76.54 billion in interest-freeloans and .P,MB 73.55 billion in conces-sional loans. 　　 China offers foreign aid in eightforms: complete projects,goods andmaterials,technical cooperation,hu-man resource development cooperation,medica,1 teams sent abroad,emergencyhumanitarian aid,volunteer programs inforeign countries,and debt relief. 　　The geographical distribution of Chi-nas foreign aid shows a com