People’s Republic of China

Abstract

However, most China scholars agree that the above figures are an underestimate of what Chinese ODA would be if the OECD DAC definition (a development aim and a grant element for loans of at least 25%) were used, because they exclude sizeable debt relief and include only the interest rate subsidy component of EXIM Bank concessional export credit lending. They therefore estimate Chinese ODA as at least US$2 billion for 2006 (Brautigam 2007a/b; Lancaster, 2007; Alden, 2007), which would rank China 14 among the world’s major donors (in absolute terms) and represents around 0.07% of its GNI (table below).