This paper aims to estimate China's net foreign aid from 2001 to 2013 as compared with net official development assistance (ODA) figures, which the Organisation for Economic Co‐operation and Development (OECD) Development Assistance Committee (DAC) customarily uses. First, a practical definition to capture China's foreign aid activities as a proxy for China's ODA was proposed. Second, both net and gross disbursements of China's foreign aid were estimated. Third, the results were compared with DAC members' ODA; China's donor ranking has moved up from 16th in 2001 to 6th in 2012 and 2013. Copyright © 2015 John Wiley & Sons, Ltd.