Download China’s Foreign Aid and Investment Diplomacy, Volume II: by John F. Copper PDF

By John F. Copper

This three-volume paintings is the 1st complete research of China's overseas reduction and funding international relations to track its evolution because the PRC's founding in 1949. quantity II offers an research of China's international relief and funding to international locations and local enterprises in Asia from 1950 to the current day, reading international coverage objectives.

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In any event the funding helped ingratiate China with President Sukarno. 287 Unlike its aid to Communist countries and a number of non-Communist nations at the time, all of China’s foreign aid to Indonesia was given in the 32 ● China’s Foreign Aid and Investment Diplomacy, Volume II form of loans rather than grants. Probably Chinese leaders calculated they could not compete with Soviet and Western aid to Indonesia and lacked complementary means to influence the Indonesian government. 288 In 1961, China promised Indonesia $30 million more aid, again in the form of a loan.

One item was the fact some China’s big projects were not doing well due to the fact they were poorly planned, unduly delayed, and plagued by cost overruns, corruption, and various other problems. 274 The North Rail project, China’s biggest and one of its largest in Southeast Asia, was a specific case in point. The project was approved in 2004; six years later not a mile of the railroad had been built. The original loan was for $400 million and the project was to ferry 150,000 passengers a day in and out of Manila.

337 China reassured ASEAN of its peaceful intentions and its desire to deal with border problems. 338 All of these agreements were accompanied by China’s large and generous foreign aid to countries in the region. In response to the 2008–09 global recession, China stepped up to the plate and took positive actions to help stave off its effects on Southeast Asia. In August 2009, China pledged $15 billion to ASEAN in aid and investments and another $10 billion in the form of an emergency fund to help cope with future economic crises—a total of $25 billion.

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