Saturday, 24 July 2010

China’s Emergence As The World’s Top Aid Donor – Warning Bell For India?

On one hand the USA – a prominent source of international aid – is suffering from a weakening economy. On the other hand another key international aid donor Japan has decided to restraint its supply of aids to the developing world. This combined development has resulted in an ample room for China to establish itself as a top international aid donor, with the Asian and the African regions in its focus area. In fact, it has already become a key aid donor to the developing nations of the African continent. More