A report published on Tuesday by the AidData research lab at William & Mary university in Williamsburg, Virginia, found that the United States is the largest recipient of loans from China.
The report , entitled Chasing China: Learning to Play by Beijing’s Global Lending Rules, found that 1,193 Chinese banks, investment companies, and government institutions loaned $2.2 trillion to recipients in 179 countries between 2000 and 2023.
AidData researchers drew two surprising conclusions from their research: “China’s overseas lending portfolio is vastly larger than previously understood,” and its loans to the developed world are an order of…
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