There was a time when Chinese lending to developing countries rivaled the World Bank. Those days are now long gone as Chinese overseas development lending has been on a steady downward trajectory.
New data from Boston University’s Global Development Policy Center (GDPC)ย reports that in 2020-2021, China granted just 28 loan commitments worth just $10.5 billion — a small fraction of what was lent in the early 2010s.
Rebecca Ray, a senior researcher at GDPC, and Tarela Moses, a data analyst at the center’s Global China Initiative join Eric from Boston to discuss the latest trends in Chinese development finance and specifically why Beijing has become much more risk-averse.
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