Is Chinese financing good for developing countries? This has become a provocative question, freighted with ideology, geopolitics, and commercial rivalries. That doesn’t mean it isn’t worth trying to answer factually and empirically.
China continues to borrow an average of $2 billion a year from the World Bank, making it one of the Bank’s top borrowers—despite being the world’s second-largest economy and itself a major global lender, according to our study
Chinese officials have been adept at ascribing a vision for the “Belt and Road” initiative (BRI) that garners support from a wide array of countries, as well as international institutions like the World Bank and International Monetary Fund (IMF).