Day: May 9, 2020
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The Plunge in Chinese Overseas Lending is a Big Deal. It’s a REALLY Big Deal.
Recent findings by Boston University's Global Development Policy Center that China's two largest policy banks, China Exim Bank and the China Development Bank, sharply curtailed their lending from $75 billion in 2016 to just $4 billion, was a stunning surprise. Long ...
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New Database Provides Fresh Insights Into Chinese Lending Practices Around the World
Yesterday's Financial Times headline that "China's overseas lending collapses" dominated the news about Boston University's pioneering new database that tracks lending by two of China's largest policy banks, China Exim Bank and the China Development Bank.
Reaction to New Data That Reveals “Chinese Overseas Lending Collapse”
Findings from Boston University's new database on Chinese development finance patterns that revealed a "collapse" of overseas lending sparked a lot of conversation online yesterday from leading development economists in the U.S. and Europe. The general consensus among the experts was ...
Peking University Professor: Chinese Loan Losses in Asia and Africa Reinforce Painful Lessons Learned in Venezuela
The following is a transcript of a nine-part Twitter thread posted by the prominent China economist Michael Pettis, a professor at Peking University. As I have been writing since 2011, China’s development lending was always likely to follow the ...
China Strikes Financing Deal With Iraq, Providing New Clue to How Beijing Deals With Major Oil Supplying Countries
The Chinese government is reportedly coming to the rescue of the financially stressed Iraqi government with a $2 billion cash payment for a year's worth of oil at current market prices. The five-year agreement, as reported by Bloomberg, provides fresh insights into how China ...
A drone view of the Panamanian‑flagged Crimson Delight vessel sailing through the Panama Canal as the U.S. Federal Maritime Commission (FMC) said on Thursday it is closely monitoring a surge in detentions of Panama‑flagged vessels in China, a development that appears linked to a Panama court ruling against Hong Kong‑based CK Hutchison, in Gamboa, Panama, March 27, 2026. REUTERS/Enea Lebrun TPX IMAGES OF THE DAY
More than two months ago, Panama’s Supreme Court annulled a long-standing contract that allowed Hong Kong-based company CK Hutchison to operate the ports of Balboa and Cristobal, located at either end of the Panama Canal. The decision essentially removed a Chinese-linked company from two of the most strategically important nodes in ...
While There’s an Emerging Consensus on Chinese and Other Bilateral/Multilateral African Debt Relief, Dealing With Private Creditors is Going to be a Lot More Difficult
So much of the current discussion surrounding African debt relief focuses on the role of China and the traditional multilateral lenders like the World Bank and the IMF. While there's no doubt these entities play an important role in this issue, the fact that African governments have ...