China rivals U.S. as loan source

Aid serves country’s own economic interest, report finds


Photographs by Bloomberg News/ASIM HAFEEZ

Chinese welders work on the Engro Powergen Thar Ltd. power plant at a coal mine in Pakistan’s Thar desert in March. The project is one of several energy developments China is helping Pakistan build.

China is close to matching the United States as a source of official grants and loans to developing countries, but much of China's financing serves its own economic interests and yields scant benefits for recipients, a multinational group of researchers reported Wednesday.

This story is only available from the Arkansas Online archives. Stories can be purchased individually for $2.95. Click here to search for this story in the archives.

Log in to comment