The China Africa Project
01.11.19China’s Economy is Slowing and That’s Really Bad News for Africa
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...
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05.11.17Who Will Pay for China’s New Silk Road?
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
03.01.17Is 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...
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04.01.15Petrobras Deepens China Tie With $3.5 Billion Loan Deal
Bloomberg
The world’s most indebted oil producer bolsters ties to China as corruption scandal shuts it out of international bond markets.
Conversation
03.24.15What Went Wrong With U.S. Strategy on China’s New Bank and What Should Washington Do Now?
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...
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03.18.15U.S. Urges Allies to Think Twice Before Joining China-led Bank
Reuters
The move by U.S. allies to participate in Beijing's flagship economic outreach a diplomatic blow to Washington.
ChinaFile Recommends
03.17.15Defying U.S., European Allies Say They’ll Join China-Led Bank
Reuters
Germany, France and Italy have agreed to join a new China-led Asian investment bank.
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03.13.15US Anger at Britain Joining Chinese-led Investment Bank AIIB
Guardian
U.S. statement says of U.K. membership that it is ‘worried about a trend of constant accommodation’ of China.
Caixin Media
12.09.14With 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...
The China Africa Project
08.20.14China & the U.S.: “Complementary Rivals” in Africa
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
05.03.13China’s Superbank
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
01.13.13China 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...