This year, China celebrated milestones that reflect its dichotomous position in the international community as both a fast-developing economy and an emerging donor. World Bank President Robert Zoellick traveled to Beijing in September to commemorate three decades of the bank’s assistance to China, and a month later, the Chinese government hosted African officials for the 10th anniversary of the Forum on China-Africa Cooperation.
>> World Bank Chief Defends China Assistance
FOCAC, according to its website, embodies South-South cooperation. It aims to serve as a platform for consultation and a mechanism for economic cooperation between China and the biggest beneficiary of its aid, Africa.