Comparing the expenditure of China in finance, education, science and technology, social security and employment, medical and health care and housing security in the same period, we can see more clearly that the expenditure of foreign aid is far less than that of these projects, and the growth is much slower, which is not enough to obviously crowd out domestic people's livelihood and development resources.
First of all, we can see that China's foreign aid is not a form, but a practical action. There are three main types of Chinese foreign aid funds: free aid, interest-free loans and preferential loans. Among them, free aid and interest-free loan funds are spent under the state finance, and preferential loans are provided by The Export-Import Bank of China designated by the China Municipal Government. By the end of 2009, China's accumulated foreign aid was 256.29 billion yuan, including free aid/kloc-0.06 billion yuan, interest-free loans of 76.54 billion yuan and preferential loans of 73.55 billion yuan.
According to statistics, in 1967, China's foreign economic aid accounted for 4.5% of the national fiscal expenditure; in 1972, it reached more than 5 1 100 million yuan, accounting for 6.7% of the fiscal expenditure; in 1973, it rose to 7.2%, exceeding the proportion of foreign economic aid in the most developed and richest countries in the world.
"It must be admitted that until the reform and opening up, China paid little attention to economic factors and mainly paid attention to politics in its foreign aid." Hong Xue said that after the reform and opening up, China's position in the field of international aid has been obviously different-it is both a recipient country and a donor country, and a large amount of aid to China comes from developed countries. One of the major influences is that "China has learned a lot of advanced foreign aid experience and means from western aid to China."