Chinese Aid and Investment Are Good for Africa

Since the first FOCAC in 2000, China has grown from bit player in Africa to the source of nearly $200 billion in trade. From 2001 and 2011, China also committed $75 billion in aid to the continent, about 20 percent of the $404 billion total that the Organization for Economic Cooperation and Development’s Development Assistance Committee calculated for the period. The United States promised somewhat more—$90 billion in the same period—but Chinese aid is more sought after. Unlike Western assistance, which comes mainly in the form of outright transfers of cash and materiel, Chinese assistance consists mostly of export credits and loans for infrastructure (often with little or no interest) that are fast, flexible, and largely without conditions.

https://www.diasporaengager.com/pr/file/chinese-aid-and-investment-are-good-for-africa-11897985.php