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China provides USD 58 bn aid to 166 countries

Press Trust of India  |  Beijing 

has provided about USD 58 billion in development aid to 166 countries and international organisations over the past 60 years, a issued today said. According to the titled "The Right to Development: China's Philosophy, Practice and Contribution," the world's current second largest economy has trained more than 12 million personnel from developing countries, and dispatched over 600,000 people to aid development in other countries. Among them, 700 have given their lives in the course of these programmes. The noted that had absorbed about 23 per cent of from the world's least developing countries since 2008. It said that will set up a South-South Cooperation Fund to improve economic growth and standards of living in the developing countries. It will also increase its investment in the least developing countries, write off certain countries' debts, establish an International Development Knowledge Centre, and further the Belt and Road Initiative, an infrastructure and trade network proposed by in 2013, the said. In the next five years, will implement six "One Hundred Programmes" targeting developing countries - namely 100 poverty reduction programmes, 100 agricultural cooperation programmes, 100 trade aid programmes, 100 eco-protection and climate change programmes, 100 hospitals and clinics and 100 schools and vocational training centers, it said. One hundred and twenty thousand training opportunities in and 150,000 scholarships will be made available to developing countries, and 500,000 vocational technical personnel will be trained for developing countries, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 01 2016. 11:28 IST