China and the U.S. alter foreign aid strategies
NPR • • world
Key Points:
- The U.S. and China have historically used foreign aid to gain soft power and influence in low-income countries, but recent shifts show the U.S. adopting a more transactional aid model while China moves toward smaller, more visible projects and greater involvement in global institutions.
- China's foreign aid has evolved through three phases: initial anti-imperialist solidarity, economic cooperation promoting mutual development, and a current focus on soft power and global leadership, primarily through bilateral agreements like the Belt and Road Initiative.
- Criticism of China's aid includes concerns over lack of sustainability, local needs, and potential economic predation through large loans, prompting China to shift toward smaller projects and increased cooperation with the United Nations via initiatives like the Global Development Initiative.
- With the U.S
