The People’s Republic of China has significantly increased its foreign aid to Africa, Latin America and Southeast Asia from less than $1 billion in 2002 to an estimated $25 billion in 2007, according to recent academic research.
The motivations, intentions and impact of this activity are examined in a new report from the Congressional Research Service that has not been made readily available to the public. See “China’s Foreign Aid Activities in Africa, Latin America, and Southeast Asia” (pdf), February 25, 2009.
Don’t like the Chinese-backed EVs that are undercutting your market? Start with a well-designed statute to strengthen market oversight and competition while also providing American companies with support.
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