China’s foreign and development aid goes back almost as far as the foundation of the People’s Republic in 1949. It has ranged from military and humanitarian aid to North Korea and Vietnam in the 1950s, to large-scale projects in Africa in particular, to a restructured model including finance institutions designed to pursue common development, and more recently the “Belt and Road Initiative”.Common threads have been a response to perceived United States aggression and containment, competition…
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Breaking news, analysis and opinion from the SCMP’s Hong Kong edition.