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Countries in Crisis Top Recipients of Chinese Aid

China has provided $1.34 trillion in grants and loans to 165 low-income and middle-income Countries between 2000 and 2021, according to a study by AidData. Russia, with almost $170 billion in development loans, is the top recipient, followed by Venezuela with $113 billion and Pakistan with over $70 billion. However, the article notes that crisis-riddled countries like Russia, Venezuela, and Pakistan may be losing attraction for Chinese Aid as China shifts its focus towards protecting its global investments under the Belt and Road Initiative.

The post Countries in Crisis Top Recipients of Chinese Aid appeared first on Balanced News Summary.



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Countries in Crisis Top Recipients of Chinese Aid

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