China provides $58 bn aid to 166 countries

According to the white paper titled The Right to Development: China's Philosophy, Practice and Contribution, the world's current second largest economy has trained more than 12 million personnel from developing countries, and dispatched over 600,000 people to aid development in other countries.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » World News

Dec 01, 2016, 11.38 AM | Source: PTI

China provides $58 bn aid to 166 countries

According to the white paper titled "The Right to Development: China's Philosophy, Practice and Contribution," the world's current second largest economy has trained more than 12 million personnel from developing countries, and dispatched over 600,000 people to aid development in other countries.

Like this story, share it with millions of investors on M3

China provides $58 bn aid to 166 countries

According to the white paper titled "The Right to Development: China's Philosophy, Practice and Contribution," the world's current second largest economy has trained more than 12 million personnel from developing countries, and dispatched over 600,000 people to aid development in other countries.

Post Your Comments

Share Cancel

| 1 Comments
China provides $58 bn aid to 166 countries
China has provided about USD 58 billion in development aid to 166 countries and international organisations over the past 60 years, a white paper issued today said.

According to the white paper titled "The Right to Development: China's Philosophy, Practice and Contribution," the world's current second largest economy has trained more than 12 million personnel from developing countries, and dispatched over 600,000 people to aid development in other countries.

Among them, 700 have given their lives in the course of these programmes.

The white paper noted that China had absorbed about 23 percent of exports from the world's least developing countries since 2008.

It said that China will set up a South-South Cooperation Fund to improve economic growth and standards of living in the developing countries.

It will also increase its investment in the least developing countries, write off certain countries' debts, establish an International Development Knowledge Centre, and further the Belt and Road Initiative, an infrastructure and trade network proposed by China in 2013, the white paper said.

In the next five years, China will implement six "One Hundred Programmes" targeting developing countries - namely 100 poverty reduction programmes, 100 agricultural cooperation programmes, 100 trade aid programmes, 100 eco-protection and climate change programmes, 100 hospitals and clinics and 100 schools and vocational training centers, it said.

One hundred and twenty thousand training opportunities in China and 150,000 scholarships will be made available to developing countries, and 500,000 vocational technical personnel will be trained for developing countries, it added.

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login