China’s Economy is Slowing and That’s Really Bad News for Africa

Eric Olander & Jeremy Stevens
Pretty much every major economic indicator suggests that the Chinese economy will continue its downward momentum in 2019. Industrial production, retail sales, and even the once red-hot property market are all showing real signs of weakness. Some...

Who Will Pay for China’s New Silk Road?

Wendy Wu
South China Morning Post
According to an estimate by the Asian Development Bank, there is a funding gap of US$26 trillion for the infrastructure projects that will be required in Asia by 2030. China’s “Belt and Road Initiative” is designed to help meet this shortfall, but...

Viewpoint

03.01.17

Is the U.S.’s Withdrawal China’s Gain in Latin America?

Latin Americans can’t afford to wait four years to see when the United States will be willing to have an honest and reciprocal conversation about economic prosperity in the Western Hemisphere. Luckily for the U.S.’s southern neighbors, over the past...

Petrobras Deepens China Tie With $3.5 Billion Loan Deal

Juan Pablo Spinetto
Bloomberg
The world’s most indebted oil producer bolsters ties to China as corruption scandal shuts it out of international bond markets.

Conversation

03.24.15

What Went Wrong With U.S. Strategy on China’s New Bank and What Should Washington Do Now?

Patrick Chovanec, Zha Daojiong & more
Now that much of Europe has announced its intentions to join the China-led Asian Infrastructure Investment Bank (AIIB), was Washington’s initial opposition a mistake? Assuming the AIIB does get off the ground, what might it mean for future...

U.S. Urges Allies to Think Twice Before Joining China-led Bank

Matthias Sobolewski and Jason Lange
Reuters
The move by U.S. allies to participate in Beijing's flagship economic outreach a diplomatic blow to Washington. ...

Defying U.S., European Allies Say They’ll Join China-Led Bank

Yann Le Guernigou and Ben Blanchard
Reuters
Germany, France and Italy have agreed to join a new China-led Asian investment bank.

US Anger at Britain Joining Chinese-led Investment Bank AIIB

Nicholas Watt, Paul Lewis and Tania...
Guardian
U.S. statement says of U.K. membership that it is ‘worried about a trend of constant accommodation’ of China. 

Caixin Media

12.09.14

With New Fund, China Hits a Silk Road Stride

China's ambitious plan to expand trade links westward into Central Asia in the spirit of the ancient Silk Road is taking shape now that the government has decided to shift foreign currency into a special fund.The State Council will tap the...

China & the U.S.: “Complementary Rivals” in Africa

Eric Olander, Cobus van Staden & more
There is a persistent meme within the international media that China’s rise in Africa represents a “new scramble” for resources on the continent or a new form of colonialism. Beijing-based China-Africa analyst and attorney Kai Xue says, contrary to...

Books

05.03.13

China’s Superbank

Henry Sanderson, Michael Forsythe
Anyone wanting a primer on the secret of China’s economic success need look no further than China Development Bank (CDB)—which has displaced the World Bank as the world’s biggest development bank, lending billions to countries around the globe to further Chinese policy goals. In China’s Superbank, Bloomberg authors Michael Forsythe and Henry Sanderson outline how the bank is at the center of China’s domestic economic growth and how it is helping to expand China’s influence in strategically important overseas markets.100 percent owned by the Chinese government, the CDB holds the key to understanding the inner workings of China’s state-led economic development model, and its most glaring flaws. The bank is at the center of the country’s efforts to build a world-class network of highways, railroads, and power grids, pioneering a lending scheme to local governments that threatens to spawn trillions of yuan in bad loans. It is doling out credit lines by the billions to Chinese solar and wind power makers, threatening to bury global competitors with a flood of cheap products. Another $45 billion in credit has been given to the country’s two biggest telecom equipment makers who are using the money to win contracts around the globe, helping fulfill the goal of China’s leaders for its leading companies to “go global.”Bringing the story of China Development Bank to life by crisscrossing China to investigate the quality of its loans, China’s Superbank travels the globe, from Africa, where its China-Africa fund is displacing Western lenders in a battle for influence, to the oil fields of Venezuela. As China’s influence continues to grow around the world, many people are asking how far it will extend. China’s Superbank addresses these vital questions, looking at the institution at the heart of this growth.  —Bloomberg Press 

Caixin Media

01.13.13

China Development Bank Cancels Loans for Ping An Deal

The Hong Kong branch of China Development Bank (CDB) has been ordered by its Beijing headquarters to cancel loans that would have been used to finance an acquisition involving the nation’s second-largest insurer, a bank source said.The source said...