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Backgrounder: Why China Matters So Much at the Summit for a New Global Financing Pact

Chinese Premier Li Qiang arrives in France on 21 June to kick off an official visit. He is also scheduled to attend the Summit for a New Global Financing Pact. Image via @globaltimesnews

In Paris, all eyes are on Chinese Premier Li Qiang, representing the People’s Republic at this week’s Summit for a New Global Financing Pact. China’s rise is perhaps the most important mega-trend that led to the current rethinking of the global development finance system, but it remains unclear what Li’s approach will be.

What’s clearer is that responses to China’s new dual role as both a major development lender and a tricky and complicated creditor are likely to break down along North-South lines.

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