The Latecomer's Rise: Policy Banks and the Globalization of China's Development Finance (Cornell Studies in Money)
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978-1501786877
Cornell University Press
2026
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loginOver the past few decades, China has become the world's largest provider of bilateral development finance. Through its two national policy banks, the China Development Bank (CDB) and the Export-Import Bank of China (China Exim), it has funded infrastructure and industrial projects in numerous emerging markets and developing countries. Yet this very surge and magnitude of capital has raised questions about the characteristics of Chinese bilateral lending and its repercussions on the international order.
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