After the global credit crunch, China gave $50 billion to the IMF and requested the money be used to help lesser developed countries
China signed bilateral currency swap agreements worth 650 billion yuan ($97.58 billion) with a number of countries and regions in a bid to cope with the global financial crisis
China set up a China-ASEAN Investment and Cooperation Fund to provide $15 billion in credit support for ASEAN nations
China provided $10 billion in credit support for other member nations of the Shanghai Cooperation Organization
China offered $10 billion in favorable loans to African countries, exempted the poorest African countries and the least developed nations from paying back debts, and exempted about 95 percent of products imported from the least developed countries in Africa from customs duties
China vowed to help EU nations cope with the euro zone debt crisis
(Compiled by Beijing Review) |