Follow CGSP on Social Media

Listen to the CGSP Podcast

The U.S. Thinks It Has a Chance to Take on China’s Powerful Policy Banks

Conservative Republicans in the United States had long wanted to cut funding for the U.S. Export-Import Bank, calling it government-subsidized “corporate welfare.” But as they’re becoming more concerned about competition from China, many of those same Republicans are changing their tune and persuading their colleagues in Congress, and President Donald Trump, to not only extend the agency’s authorization for another seven years but also include a mandate for the bank to mount a challenge to China’s massive policy banks.

But it won’t be easy, because the U.S. lags far behind the Chinese in this kind of export financing. Really really far behind. In fact, between 2015 and 2019, China’s medium and longterm export credit activity was equal to 90% of all G7 countries COMBINED.

Lead the Conversation on China

Subscribe Today to Get Full Access to The China-Global South Project

Check Out Everything You'll Get With Your Subscription

The China-Global South Daily Brief delivered to your inbox at 6AM Washington time

Full access to exclusive news and analysis from editors based in the Global South

Transcripts of CGSP’s twice-weekly podcasts

Students and teachers with a valid .edu email address are eligible for a 50% discount off monthly or yearly subscriptions. Email us to receive a discount code.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.