Beijing gave 90b yuan in aid in 3 years

BEIJING: China provided a total of 89.3 billion yuan (RM45.65 billion) in foreign aid in the three years to 2012, it said yesterday. The assistance, in the form of grants, interest-free loans and concessional loans, went to 121 countries — 12 of them in Europe — the State Council, China’s Cabinet, said in a report. The total amounts to 0.06 per cent of China’s combined gross domestic product of 139 trillion yuan over the period, far below the 0.7 per cent of gross national product target proclaimed by the United Nations for developed nations. AFP

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