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China ranks second to US in money to Africa

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President Xi Jinping and Congolese President Denis Sassou Nguesso (right) during his three-nation Africa tour. Photo: AFP
China committed more than US$75 billion to Africa in the past decade, coming close to the level of US money although the nature of Beijing’s support was far different, a study said on Monday.
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The database released by the Center for Global Development aims to be the most comprehensive account yet of foreign assistance by China, which has faced criticism in Western countries suspicious of Beijing’s motives.

The report found that China committed US$75.4 billion to Africa from 2000 to 2011, just under the US$90 billion by the United States and representing about one-fifth of the total from all major donor nations.

But the researchers verified that only around US$1.1 billion a year from China was official development assistance as defined by the club of major donors under the Organisation for Economic Co-operation and Development.

As defined by the group, aid needs to have economic development as the main objective and any loans must have concessional rates – or at least 25 per cent of the money coming as a grant.

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“Pound for pound, when you compare the US versus China, the total official finance is roughly comparable. However, different people mean different things when they talk about Chinese aid,” said Bradley Parks of the College of William and Mary, who is executive director of the AidData initiative behind the study.

“The composition of the official finance is very different,” he said.

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