India Today

With global lending matching US, why China is the world's new banker now

Between 2000 and 2014, China, despite still being a developing country and a recipient of substantial aid from the World Bank, has almost equalled what the US has lent overseas.

How much money China sends overseas is such a sensitive issue for the country's leaders that it is deemed "a state secret". This has made it next to impossible to estimate accurately how much China lends abroad. Even in Pakistan, where the government claims Beijing is going forward with a $46 billion economic corridor, China hasn't ever publicly confirmed how much it is spending in total.

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