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Lifestyles
USA Downfall; Receives Foreign Aid from China Print E-mail
by Tom McGregor    Thu, Jul 10, 2014, 12:10 AM

BEIJING: No joke, the Chinese government handed over $14.4 billion in foreign aid to the US government so Washington D.C. could pay its debts. President Barry Obama is turning a superpower nation into a Third World country.

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:

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