China has the ability to show off their money and growing economy yet still receive billions of dollars in foreign aid. China claims they are still a developing nation but most of their borrowers feel their money should go to poorer countries. Their larger investors, Germany and Britain in Europe and Japan, are slowly diminishing their aid to China within the next few years. The US gives money but not as much as their other counterparts due to sanctions set in 1989.
China claims their need to foreign aid comes from being a developing country. Their economy is strong but their people's income is unequal. Most countries are finding hard to give to China due to their spending on the military and even giving money to African nations. When asked about cutting emissions and other projects, China still wants to use its crutch as a developing nation.
Amy Pacheco
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment