Africa Received Nearly Half of China's Foreign Aid in 2009 - Report

China allocated some 45.7 percent of its total foreign aid in 2009 to African nations, targeting infrastructure schemes and the development of resources including oil and mines.

According to figures from a white paper distributed by the State Council’s Information Office, China spent 256.3 billion yuan ($39.3 billion) of cumulative foreign aid at the end of 2009, Bloomberg reports.

Chinese foreign aid has been increasing at an average of 29.4 percent every year from 2004 to 2009, the report notes, according to Xinhua. 

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About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.