Breaking News, World News and Taiwan News.

Updated Saturday, October 31, 2009 2:13 pm TWN, AFP

Germany to stop aid to China, India: minister

BERLIN -- Germany is poised to stop millions of euros in development aid to China and India, its new development minister Dirk Niebel was quoted as saying on Friday.

"Battling poverty is more important than ever for Germany. That means we should place our resources where they can help the most. Economic giants like China and India no longer fulfill these criteria," Niebel told the Bild daily. Germany, the world's second largest provider of development aid after the United States, gave 67.5 million euros (97.4 million U.S. dollars) in aid to China in 2007 and 84 million euros to India in 2008, according to its most recent report.

Subscribe to The China Post and save 25%. Click here

Share

Print

Email


Sponsors
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Save 70% for hotel in Shanghai and 6000 hotels, in Beijing, Guangzhou, Shenzhen, and all China.
▪	Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.
▪	Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.