According to the statistics of the white paper "China's Foreign Aid (2014)", by the end of 2009, China's cumulative foreign aid amounted to 256.29 billion yuan RMB, including 106.2 billion yuan RMB of non-reimbursable aid, 76.54 billion yuan RMB of interest-free loans, and 73.55 billion yuan RMB of preferential loans.
In 1950, China began to provide material assistance to North Korea and Vietnam, thus opening the prelude to China's foreign aid. Entering the new century, especially since 2004, China's foreign aid funds have maintained rapid growth, with an average annual growth rate of 29.4 percent from 2004 to 2009.
On the basis of sustained and rapid economic growth and increasing comprehensive national strength, China's foreign aid funds have maintained rapid growth, with an average annual growth rate of 29.4% from 2004 to 2009. It has signed debt-relief protocols with 50 countries in Africa, Asia, Latin America, the Caribbean and Oceania, and has forgiven 380 mature debts amounting to 25.58 billion yuan.
Expanded Information:
China's foreign aid funds are mainly of three types: non-reimbursable aid, interest-free loans and preferential loans. Among them, non-reimbursable aid and interest-free loans are financed under the national treasury, while preferential loans are provided by the Export-Import Bank of China as designated by the Chinese government.
China's foreign aid is mainly targeted at low-income developing countries, with Asia and Africa receiving about 80% of our aid. China's foreign aid projects are mainly in the fields of agriculture, industry, economic infrastructure, public **** facilities, education, medical and health care, etc., focusing on helping the recipient countries to improve their productive capacity in industry and agriculture, strengthen the foundation for economic and social development, and improve basic education and medical care.
In recent years, tackling climate change has become a new area of China's foreign aid.
Baidu Encyclopedia-China's Foreign Aid
Baidu Encyclopedia-China's Foreign Aid (2014) White Paper