Since 2000, China has spent US$843 billion on bilateral aid. That is around US$39.5 billion per year, similar to the amount provided by the United States (US), the world’s largest donor of foreign aid.
Southeast Asia’s been home to almost half of the biggest growth drivers in the past half-century. To keep investors interested, it’ll have to make the right moves across technology, education and infrastructure, according to Diaan-Yi Lin, a senior partner at McKinsey & Co.Among 71 developing economies of the past half-century, 18 are responsible for the lion’s share of growth, with eight of those within Southeast Asia, a September McKinsey report showed.
