Saturday, February 26, 2011

Does China Still Need Foreign Aid?

Should Canadian Foreign Aid Go to China?  (Toronto Sun)

http://www.torontosun.com/news/canada/2011/02/24/17395606.html


"Congratulations China, but a man in space must mean it no longer needs foreign aid."  I remember The Economist posing this question, back in May 2003 after the launch of Shenzhou 5.  The question hit a bit closer to home when the Canadian press asked if China's interests in Canadian Oil Sands where funded by Canadian aid money. The question reposed in a recent article by the Toronto Sun is a bit skewed, however, if you look at money given for the recent earthquake--especially in light of the contributions from the Chinese community.  On the other hand, perhaps this kind of aid is investment in our own future too, as Dean of the John Hopkins School of International Studies, David Lampton, points out.  If China is unable to provide assistance to its own people or its own environment, that would turn into misery for the world economy, not only China.

LWB

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