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China rivals U.S. as loan source

Aid serves country’s own economic interest, report finds

By JOE McDONALD THE ASSOCIATED PRESS

This article was published October 12, 2017 at 1:59 a.m.

chinese-welders-work-on-the-engro-powergen-thar-ltd-power-plant-at-a-coal-mine-in-pakistans-thar-desert-in-march-the-project-is-one-of-several-energy-developments-china-is-helping-pakistan-build

Chinese welders work on the Engro Powergen Thar Ltd. power plant at a coal mine in Pakistan’s Thar desert in March. The project is one of several energy developments China is helping Pakistan build.

China is close to matching the United States as a source of official grants and loans to developing countries, but much of China's financing serves its own economic interests and yields scant benefits for recipients, a multinational group of researchers reported Wednesday.

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