As the world economy changes, it is important to celebrate growth and development. The United Kingdom announced recently that they would join the host of developed nations that are no longer providing economic aid to China. Normally it’s regrettable when a government stops paying aid to a country in peacetime. However, China has ceased to need the aid that these countries were supplying it. Here’s a quote from global issues.org:
Following the lead of other Western nations, Britain’s Development Secretary Andrew Mitchell said in June that the 40 million pounds (60.6 million U.S. dollars) that his government sends annually in China—home to the world’s fastest growing, and soon to be second largest, economy—would be better spent elsewhere.
Not only are the Chinese people far less poor on a per-capita basis, but their government has actually become intensely and actively involved in sending economic aid and volunteers to developing areas of the world. These kind of benchmark moments should be the end-goal of economic aid, and this step represents a significant global, diplomatic, economic, and human achievement.