China aid to touch $2 billion, but will it get respect?

China aid to touch usd2 billionAfter years of accusations that Beijing spends more of its secretive foreign aid budget on buying access to raw materials than on helping poor people, the Chinese government appears to be edging towards a new approach that's more in line with other wealthy nations.

Chinese President Xi Jinping made a splash at the United Nations two weeks ago when he announced a $2 billion fund to help the world's poorest countries that could grow to $12 billion dollars by 2030.

That pledge "marks a very significant departure from what China used to do," says Steve Tsang, head of the School of Contemporary Chinese Studies at Nottingham University in Britain, because Beijing will give the UN a say in how this money is spent.

Available: http://www.khaleejtimes.com/editorials-columns/china-aid-to-touch-2-billion-but-will-it-get-respect

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Funded by the Open Society Foundation for South Africa (OSF-SA), the project focuses on the changing dynamics and implications of South- South cooperation, in the context of South Africa's avowed commitment to this cause in its international relations. The need to understand the complexities of South-South dynamics and their implications for foreign policy is particularly urgent for South Africa, which, while working to advance South-South multilateralism, must also contend with the corresponding need to remain true to other universal values underpinning its foreign policy as well as guarantee the specific interests of its immediate environment, that is, the African continent.

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In recent times, South-South cooperation has received renewed attention, inspired mainly by the emergence of new southern clubs such as IBSA, BRICS and CELAC. This trend reflects a growing push by developing countries to respond to current global challenges in a coherent and concerted manner.

 

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