The Latecomer's Rise

Muyang Chen, an Assistant Professor at Peking University and author of 'The Latecomer’s Rise', dives into the intricacies of China's development finance. She discusses the pivotal roles of China's policy banks, the China Development Bank and the China Ex-Im Bank, in shaping global infrastructure projects. The conversation highlights the challenges of accessing accurate data in this arena and compares China's strategies to those of Japan. Chen's insights offer a nuanced perspective on the complexities of international lending and the geopolitical implications of China’s financial initiatives.