Report: China catching up to US in foreign aid flow

FILE – In this Dec. 4, 2015 file photo, Chinese President Xi Jinping, left, delivers his speech during the opening ceremony of the Johannesburg Summit for the Forum on China-Africa Cooperation at the Sandton Convention Centre in Johannesburg. A new report says on Wednesday, Oct. 11, 2017, China is closing to matching the United States as a top global source of official grants and loans to developing countries. But it says much of Beijing’s financing serves its own economic interests and produces little growth for recipients. (AP Photo, File)

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