OPINION: Is China the New World Bank? - Teresita Cruz-del Rosario and Phillie Wang Runfei

Project Syndicate, 21 Feb 2011SINGAPORE – The Chinese are everywhere. Or, more accurately, Chinese money is everywhere, thanks particularly to the China Development Bank (CDB) and the China Export-Import Bank. As the two institutions responsible for all Chinese overseas financing, they are making waves around the world.According to The Financial Times, Chinese lending in 2008-2010 surpassed World