The China International Development Cooperation Agency ("CIDCA") has recently formulated and issued the Administrative Measures for Foreign Aid (Draft for Comment) (the "Draft for Comment") for public comment by December 12, 2018.
The 43 articles of the Draft for Comment, organized into seven chapters, mainly clarify: 1. the basic concept of foreign aid and duties of competent authorities; 2. planning of foreign aid policies; 3. management of foreign aid funds; 4. management of the conducting of foreign aid activities; 5. supervision and assessment of foreign aid; and 6. legal liabilities and supplementary provisions. The Draft for Comment classifies foreign aid funds into three categories which are the free aid, interest-free loans and concessional loans, according to the size and usage of foreign aid funds that fall under the CIDCA's administration, and then provides the primary purposes for which each category of funds will be used. Furthermore, in an effort to diversify funds available for foreign aid, the Draft for Comment expressly states that it is allowable to set up a fund for the aid purposes.