Helping neighboring friendly countries.
China's foreign aid started from helping neighboring friendly countries; in 1950, China began to provide material assistance to North Korea and Vietnam, which was the prelude to China's foreign aid.
After the implementation of the reform and opening-up policy, economic cooperation with other developing countries has evolved from purely providing assistance in the past to various forms of mutually beneficial cooperation. Since the beginning of the new century, especially since 2004, China's foreign aid has been growing rapidly, with an average annual growth rate of 29.4% from 2004 to 2009.
Foreign Aid Policy
China adheres to the policy of not attaching any political conditions. China adheres to the Five Principles of Peace***, respects the right of each recipient country to independently choose its own path and mode of development, believes that each country is capable of exploring its own path of development suited to its national conditions, and will never use its assistance as a means of interfering in the internal affairs of other countries or seeking political privileges.
Adhering to equality and mutual benefit and ****same development. China insists on treating foreign aid as mutual help among developing countries, paying attention to actual results, taking into account the interests of the other side, and endeavoring to promote bilateral friendly relations and mutual benefit***win through economic and technical cooperation with other developing countries.
Adhering to the principle of keeping within the limits of one's ability and doing one's best. In terms of the scale and mode of assistance, China provides assistance to the best of its ability based on its own national conditions. It focuses on giving full play to its comparative advantages and maximizing the practical needs of recipient countries.
Adhering to keeping pace with the times, reform and innovation. China's foreign aid is in line with the development of the situation at home and abroad, focusing on summarizing experience, innovating foreign aid methods, adjusting and reforming the management mechanism in a timely manner, and constantly improving the level of foreign aid work.