Alicia R. Chen
Earlier this year, after U.S. President Donald Trump effectively shut down the U.S. Agency for International Development, the world’s largest bilateral aid program, many observers raised fears that China would step in to fill the geopolitical vacuum. USAID, after all, had served as a key tool of U.S. diplomacy for more than six decades, and the American retreat has created an opportunity for China to expand its economic statecraft and win influence in many parts of the world.
Over the last two decades, China has vastly expanded the amount and types of foreign aid it administers. Between 2000 and 2023, only 17 countries in the world did not receive a loan or grant from the Chinese government or a Chinese state-owned institution. The Belt and Road Initiative, which was launched by Chinese President Xi Jinping in 2013, has accounted for more than $1 trillion in total spending. This increasingly global footprint has piqued Western policymakers’ concerns about Beijing’s ambitions, but many observers still don’t fully comprehend Beijing’s strategy.
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