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Aid ‘With Chinese Characteristics’: Chinese Foreign Aid and Development Finance Meet the OECD‐DAC Aid Regime
Author(s) -
Bräutigam Deborah
Publication year - 2011
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/jid.1798
Subject(s) - china , argument (complex analysis) , state (computer science) , development aid , economics , foreign direct investment , finance , investment (military) , aid effectiveness , business , economic growth , political science , developing country , macroeconomics , law , biochemistry , chemistry , algorithm , politics , computer science
China's official aid programme is non‐transparent and poorly understood. The paper compares development finance from China and the Organization for Economic Co‐operation Development (OECD) generally and through the examination of two cases of Chinese development cooperation in Africa. These cases illustrate a major argument of the paper: that the lion's share of China's officially supported finance is not actually official development assistance (ODA). China does provide finance that meets the definition of ODA, but this is relatively small. Export credits, non‐concessional state loans or aid used to foster Chinese investment do not fall into the category of ODA. China's cooperation may be developmental, but it is not primarily based on official development aid. This suggests that the institutions established at the OECD to develop and apply standards for foreign aid (the Development Assistance Committee) may not be the right ones to govern these growing ties. Copyright © 2011 John Wiley & Sons, Ltd.