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Development cooperation between Germany and China: does China still need development aid?

Development cooperation between Germany and China: does China still need development aid? AEJ 4:539–544 (2006) DOI 10.1007/s10308-006-0082-2 ORIGINAL PAPER Kristof Rostoski Development cooperation between Germany and China: does China still need development aid? Published online: 30 September 2006 © Springer-Verlag 2006 China’s economy is booming. With US$700 billion (2005), the People’s Republic of China has the world’s second largest foreign currency exchange reserves ,is able to afford its own space program and has with US$ 35.3 billion (2006) the world’s third largest defense budget. Beijing will host the 2008 Olympic Games, Shanghai the EXPO in 2010. China even provides its own development aid to several African countries (Schüller 2003, p. 186). Looking at the skylines of some Chinese cities many Europeans are beginning to feel that they lag behind in progress. Nevertheless, China is one of the world’s largest beneficiaries of development aid. German assistance to China is politically and economically disputed (Heilmann 2002). The public increasingly perceives that country as an emerging economic power and against the background of continuing economic stagnation in Germany, that its development aid is threatening to lose its relation to reality. Being short of funds, one is forced to take in consideration by what criteria the money should be spent. Can Germany afford to pay http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asia Europe Journal Springer Journals

Development cooperation between Germany and China: does China still need development aid?

Rostoski, Kristof
Asia Europe Journal , Volume 4 (4) – Sep 30, 2006
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Publisher
Springer Journals
Copyright
Copyright © 2006 by Springer-Verlag
Subject
Social Sciences; Social Sciences, general; International Economics
ISSN
1610-2932
eISSN
1612-1031
DOI
10.1007/s10308-006-0082-2
Publisher site
See Article on Publisher Site

Abstract

AEJ 4:539–544 (2006) DOI 10.1007/s10308-006-0082-2 ORIGINAL PAPER Kristof Rostoski Development cooperation between Germany and China: does China still need development aid? Published online: 30 September 2006 © Springer-Verlag 2006 China’s economy is booming. With US$700 billion (2005), the People’s Republic of China has the world’s second largest foreign currency exchange reserves ,is able to afford its own space program and has with US$ 35.3 billion (2006) the world’s third largest defense budget. Beijing will host the 2008 Olympic Games, Shanghai the EXPO in 2010. China even provides its own development aid to several African countries (Schüller 2003, p. 186). Looking at the skylines of some Chinese cities many Europeans are beginning to feel that they lag behind in progress. Nevertheless, China is one of the world’s largest beneficiaries of development aid. German assistance to China is politically and economically disputed (Heilmann 2002). The public increasingly perceives that country as an emerging economic power and against the background of continuing economic stagnation in Germany, that its development aid is threatening to lose its relation to reality. Being short of funds, one is forced to take in consideration by what criteria the money should be spent. Can Germany afford to pay

Journal

Asia Europe Journal – Springer Journals

Published: Sep 30, 2006

References

  • Erwachsen werden
    Kolonko, P
  • Entwicklungshilfe, Das große Chinalexikon
    Schüller, M
  • Deutschland zahlt Entwicklungshilfe für China
    Wolber, C