August 2009

Vol 2 N0 10

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AFRICA | CHINA | BRIEFING

Beijing debates world's biggest aid fund

Chinese officials are discussing ways to use some of their country's $2.1 trillion in foreign reserves to finance what could be the world's biggest development aid programme, as Western economies are still staggering under the weight of recession. The main recipients of the investment and development funds would be Africa, Latin America and Asia.

Article Tags:
Marshall, Xu Shanda, Jia Qinglin, United States, Soviet, Paul Krugman, Lin Fengyun, South Africa, Tao Zhu

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