Webb calls for end to development aid to China | Richmond Times-Dispatch

Webb calls for end to development aid to China | Richmond Times-Dispatch: "Sen. Jim Webb, D-Va., along with Sen. James M. Inhofe, R-Oka., has called for an end to U.S. development aid to China.

In a letter to the Appropriations Committee, Webb and Inhofe highlight the fact that since 2001, the U.S. has provided more than $275 million to China for various projects, such as expanded Internet service and transportation infrastructure.

In 2009, U.S. agencies provided more than $65 million in grants to China, the world's second-largest economy. China also receives billions of dollars from multilateral institutions such as the United Nations and World Bank, to which the U.S. is among the largest contributors.

'With more than $3 trillion in foreign exchange reserves and a double-digit economic growth rate, China certainly has the financial resources to ... care for its citizens without relying on U.S. assistance,' the senators wrote."