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talk about pimping the system

China spent tens of billions of dollars on a dazzling 2008 Olympics. It has sent astronauts into space. It recently became the world's second largest economy. Yet it gets more than $2.5 billion a year in foreign government aid - and taxpayers and lawmakers in donor countries are increasingly asking why.

In 2008, based on most recent data from the OECD, Japan gave $1.2 billion, while Germany gave about half this. France and Britain are the next two largest donors, while the U.S. only gave $68 million due to restrictions post-Tianamen Square. While the figures involved are small relative to each developed nation, the funny thing is that all of these developed nations are running budget deficits, while China is accumulating the amount of foreign debt it owns.

It's almost as if Japan (Or the U.S.) gives aid money to China, but then finances this charity by taking a loan from China, then paying interest to China on the charity it provided... to China. Yes the world is a complex place, but it's just an extremely peculiar arrangement here.

Read more: http://www.businessinsider.com/china-ju ... z1V0Tk1mky


p.s:this proves that Africa doesnt have aid problem but image problem.we should learn a thing or two from those chinese.Beg in style

Japan is probably using the aid as a compensation for what its invasion of China in the 1937 and a way to keep the Chinese government and people to be more pro Japan.

Estarix wrote:Japan is probably using the aid as a compensation for what its invasion of China in the 1937 and a way to keep the Chinese government and people to be more pro Japan.

I'm not sure its working though.last I remember Japan was reluctant to apologize about their war crimes in China,and anti Japanese history is still taught in Chinese schools.