In less than six years, China's financing of overseas energy projects in the Global South plunged from $35 billion to zero, according to new data released this week from Boston University's Global Development Policy Center. BU's findings mirror a broader pullback in official Chinese lending in other sectors as well, indicating a profound change in Chinese international development finance.
To be sure, China is still extending loans to developing countries but they're smaller and require much more rigorous feasibility studies.
Kevin Gallagher and Cecilia Han Springer from the Global Development Policy Center join Eric & Cobus this week to discuss their new dataset on Chinese energy financing and share some of their insights published in an accompanying policy brief on the latest trends in Chinese development finance.
SHOW NOTES:
- China's Energy Finance Database: https://bit.ly/3ukFlLi
- Outlier or New Normal? Trends in China’s Global Energy Finance : https://bit.ly/35cR1r0
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