Beijing, China: China’s Financial Publication House
Almanac of China’s Finance and Banking 2013. For more information, please see our slide deck about Chinese development finance.Ģ013 Annual reports from various MDBs, NDBs and ECAs.Ĭhinese Finance and Banking Society. LEARN MORE: WRI’s Sustainable Finance program continues to explore this issue.As of 2013, they represented $14 trillion ( 19.1 percent of global GDP). In 1980, China, India, Brazil and South Africa had a combined GDP of $720 billion (5.5 percent of global GDP).
Here is a look at the evolution of China’s overseas investment: The Rise of Emerging Economies As China plays a greater role in development finance, it can also embrace the opportunity to manage environmental and social risks associated with these investments. This level of investment can provide needed sources of capital for developing countries in Africa, Asia and Latin America. In 2014, China spearheaded the BRICS Development Bank, the Asia Infrastructure Investment Bank (AIIB) and the Silk Road Fund, symbolizing China’s growing influence in development finance. 1 Starting in 2010, two Chinese state-owned banks (China Development Bank (CDB) and the Export-Import Bank of China (China Exim)) lent more money annually to other developing countries than the World Bank. Between 20, China’s overseas investments increased 13.7 times, from $45 billion to $613 billion. China’s overseas finance is becoming increasingly influential globally.