International Development Assistance Policy of the PRC: Goals, Methods, Tools, Assessments

Abstract

International development assistance policy of the People's Republic of China was launched almost immediately after the formation of the nation-state in 1949, which has made it possible by now to create a solid foundation and an extensive system of international interaction. Nevertheless, today we are witnessing the beginning of a new stage in China's international development assistance policy, which is expressed both in a sharp increase in funding for this field and associated with its use as a mechanism to achieve the goals of the «Chinese Dream», the development of the «Belt and Road Initiative» and promoting the construction of the «Community of common destiny for mankind». As a result, the allocation by Beijing of international assistance, grants and soft loans is becoming one of the most effective ways to strengthen international positions and form a more active foreign policy course.