Tuesday, April 2, 2019

Red China's Foreign Aid in the 1970: 5 per cent of its national budget into foreign aid, maximum of 6.92pct

According to Julia Lovell's Maoism: A Global History

It is undeniable that China since the late 1950s has deployed hard and soft power in its determination to exert influence over Africa.  In the Mao era this translated into enormous aid budgets.  By 1975, China was throwing 'more than' -- in Zhou Enlai's revealingly hazy formulation -- 5 per cent of its national budget into foreign aid; in fact, two years earlier it had reached 6.92 per cent.  Compare this proportion with the 0.7 percent of national income that the much wealthier UK annually reserves for international aid..It thus seems certain that Mao-era china spent a greater proportion of income on foreign aid -- including in Africa -- than did either the US (around 1.5 per cent of the federal budget in 1977) or the USSR (0.9 per cent of GNP in 1976).

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