USA Downfall; Receives Foreign Aid from China |
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by Tom McGregor | Thu, Jul 10, 2014, 12:10 AM |
Channel NewsAsia reports that, "China, the world's second-largest economy after a decades-long boom, provided a total of 89.3 billion yuan (now $14.4 billion) in foreign aid in the three years to 2012, it said Thursday. The assistance, in the form of grants, interest-free loans and concessional loans, went to 121 countries -- 12 of them in Europe -- the State Council, China's Cabinet, said in a report." Before Obama was elected President, the USA often gave foreign aid to other countries and were not beneficiaries. According to Channel NewsAsia, "China, the world's second-largest economy after a decades-long boom, provided a total of 89.3 billion yuan (now $14.4 billion) in foreign aid in the three years to 2012, it said Thursday. The assistance, in the form of grants, interest-free loans and concessional loans, went to 121 countries -- 12 of them in Europe -- the State Council, China's Cabinet, said in a report." No word yet on when Obama will request China pay for food stamps in the country. To read the entire article from Channel NewsAsia, link here: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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