- By Joshua Keating
Joshua Keating is associate editor at Foreign Policy and the editor of the Passport blog. He has worked as a researcher, editorial assistant, and deputy Web editor since joining the FP staff in 2007. In addition to being featured in Foreign Policy, his writing has been published by the Washington Post, Newsweek International, Radio Prague, the Center for Defense Information, and Romania's Adevarul newspaper. He has appeared as a commentator on CNN International, C-Span, ABC News, Al Jazeera, NPR, BBC radio, and others. A native of Brooklyn, New York, he studied comparative politics at Oberlin College.
It’s a not-very-well-known fact that China, the world’s second largest economy which holds $2.5 trillion in foreign reserves, still gets about $2.5 billion in foreign government aid every year. (Jack Chow recently explored how this plays out that the Global Fund for AIDS in an FP piece.)
What’s even more surprising, given this month’s events, is who the biggest source of that aid — accounting for nearly half — is:
Today’s aid adds up to $1.2 billion a year from Japan, followed by Germany at about half that amount, then France and Britain. …
Japan’s generosity has historically been driven at least in part by a desire to make amends for its invasion of China in the 1930s. But in recent years Japanese lawmakers and officials have repeatedly questioned whether the money flow should continue, pointing to China’s emergence as a donor to African countries.
It’s pretty hard to see how this will continue to be tenable in the current Japanese political climate, particularly with China arresting Japanese workers sent to clean up World War II sites.
Isaac Stone Fish is associate editor at Foreign Policy. Previously a Beijing correspondent for Newsweek, he wrote stories on such subjects as the Dalai Lama’s effect on international trade, China’s love affair with rogue states, and crystal meth in North Korea. His articles have also appeared in the International Herald Tribune, the Economist, and the Los Angeles Times.| Argument |