A new era? Trends in China’s financing for international development cooperation

A new era? Trends in China’s financing for international development cooperation

Zoe Johnson and Raimund Zühr, Donor Tracker, 10 May 2021

Since as early as 1950, China has been leveraging its strong history of domestic achievements in development to support other ‘developing’ countries through its South-South cooperation and in the 70 years since, has grown into a preeminent provider of financing for global development. According to the Chinese government’s 2021 White Paper, ‘China’s International Development Cooperation in the New Era’, China spent RMB270.2 billion (US$42.0 billion) on its international cooperation efforts in total between 2013 and 2018 (approximately RMB45 billion or US$7.0 billion annually); however, this represents only a fraction of China’s overall engagement in low- and middle-income countries and does not account for its significant non-financial contributions to development.

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