The Washington, D.C.-based consultancy RWR Advisory published a set of fascinating new charts that detail China’s COVID-19 donation activities over the past couple of months. The firm revealed that although the Chinese government and embassies abroad tend to take credit for donations of PPE and other medical materials used in the fight against COVID-19, it’s companies and Chinese philanthropies who are paying for it.
Many of the companies, as has been noted in this newsletter, have extensive business interests in the countries where they are donating relief supplies.
Key Findings of RWR Advisory’s Findings on Chinese COVID-19 Donations
- COMPANIES PROVIDE POLITICAL COVER: “Channeling aid through companies offers Beijing a potential means to boost public perception of Chinese enterprise abroad and mitigate existing levels of skepticism regarding Chinese investments held among certain foreign governments, many of which have grown more concerned about predatory investments by Chinese companies amidst the market vulnerability caused by the pandemic.”
- AFRICA IS THE TOP DESTINATION: “RWR data indicates that sub-Saharan Africa and Europe have been the two largest regional recipients of Chinese aid during this period. The substantial influx of donations into sub-Saharan Africa from Chinese philanthropic entities has been led by the Jack Ma Foundation, which has given support to each African country.”
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