China’s lending since the turn of the century has been “vastly” larger than previously understood, with loans and grants increasingly going to developed countries including the United States – the largest recipient – according to a new report by an American university research team.
Of the US$2.2 trillion disbursed by China’s “official sector” between 2000 and 2023, nearly US$202 billion went to projects in the US, the AidData research lab at Virginia-based university William & Mary found.
