Development Aid
(1,591 words)

Development aid or, more generally, development cooperation is understood as a transfer of financial and technical aid from industrial to developing countries, which generally takes the form of loans at reduced interest rates and non-repayable services to reach certain development targets. The development cooperation between China and most Western industrial countries began at a bilateral level with the reestablishment of diplomatic relations in the 1970s. Only in the early 1950s did China receive technical and financial aid from the Soviet Union for the development of heavy ind…

Cite this page
Schüller, Margot, “Development Aid”, in: Brill’s Encyclopedia of China, Managing Editor English Edition: Daniel Leese. Consulted online on 21 November 2017
First published online: 2008
First print edition: ISBN: 9789004168633, 20121018



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