China is already the world’s largest trading nation and the second largest economy. In the next few years, analysts have said, it’s likely to emerge as the world’s largest creditor.
A new study finds China now has a bigger presence in international development finance than all of the world’s six major financial institutions put together.
The Chinese Development Bank and the Export-Import Bank of China loaned an estimated $ 684 billion globally in 2014.
CCTV’s Yang Zhao reports from Beijing.
To take a deeper view of China’s growing global investment role:
- Linda Yueh, adjunct professor of economics at the London Business School
- David Dollar, senior fellow at Brookings Institution and the author of “China as a Global Investor”
- Charles Tang, chairman of the Brazil-China Chamber of Commerce and Industry
- Yukon Huang, senior associate in the Carnegie Asia Program