U.S. Is Top Recipient of Chinese State-Bank Loans: New Data

China’s local government debt keeps rising as weak real estate cuts land revenues, forcing more bond issuance and reliance on subsidies.
China’s local government debt keeps rising as weak real estate cuts land revenues, forcing more bond issuance and reliance on subsidies. (Photo: FRED DUFOUR / AFP)

The U.S. is the top recipient of Chinese state-bank loans and grants, according to new AidData figures that trace more than $200 billion across roughly 2,500 U.S. deals since 2000.

The new data emerges despite years of U.S. warnings to other governments about taking on such loans.

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by Edwin Shri Bimo

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