Report: China catching up to US in foreign aid flow

BEIJING (AP) — China is close to matching the United States as a source of official grants and loans to developing countries, but much of Beijing’s financing serves its own economic interests and yields scant benefits for recipients, a multinational group of researchers reported Wednesday.
The research by AidData, a lab at the College of William & Mary in Virginia, is the most extensive effort yet to measure official financing by China, which releases few details of its aid flows