Chinese lending overseas: exceptional scale but not out of the ordinary behavior

Chinese lending overseas, although exceptional in scale with almost a trillion dollars, follows a common pattern seen in the past. This pattern is similar to the United States in the 1920s when they first started investing in developing countries. Both experiences show a peak in investment or loans overseas followed by a steep decline. Despite its large scale, Chinese lending is not out of the ordinary, with the United States having previously engaged in similar behavior.

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