China has established approximately 800 aid projects, covering nearly every African country. Between 1960 and 1989, China provided an estimated cumulative sum of $4.7 billion to Africa, accounting for nearly a half of China’s total aid flows worldwide for this period. By May 2006, China’s contribution to assistance in Africa had reached $5.7 billion since the beginning of its African aid programme, i.e. more than twice the amount of its outward FDI in Africa of $2.6 billion
by end-2006. 89 In 2006 alone, China’s ODA and debt relief to Africa combined totalled $2.3 billion, according to another estimate.