The Impact of Chinese Development Projects on Economic Growth

There's now a pretty substantial body of economic evidence that speaks this question, and it really flies in the face of the conventional wisdom. Average chinese development project increases a hose country's economic growth rate by just under one percentage point two years after the funding for the project is approved. World bank development projects are much less effective at accelerating near term economic growth. And that might help explain why china has effectively become the developing worlds imfer structure financier of a first resort.