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A new report says China is closing to matching the United States as a top global source of official grants and loans to developing countries. But it says much of Beijing's financing serves its own economic interests and produces little growth for recipients.
The report today by AidData, a lab at the College of William & Mary in Virginia, is the most extensive effort yet to measure official financing by China, which releases few details of its aid flows.
It comes as Beijing is trying to expand its global influence to match China's status as the world's second- largest economy.
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