News Analysis
As part of its global domination strategy, China has become one of the world’s largest lenders to the least developed nations, charging higher interest rates and demanding collateral in the form of ports, airports, minerals, and revenue streams.
Foreign aid accounts for 1 percent of the $4.05 trillion U.S. federal budget, with half of this money being spent on poverty reduction. While U.S. aid can come in various forms of international assistance, U.S. aid looks like real aid. With China, the line is blurred between aid and investment. China claims to be one of the largest donors, but it would be more accurate to call it a giant creditor.
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