Financing through Chinese state-owned policy banks makes China the dominant source of global infrastructure finance. Amounts of capital larger than those provided on an annual basis by the World Bank and the ABD combined are now committed through Chinese state-owned policy banks and new China-centric finance mechanisms. This financing by China is, by and large, deployed outside established multilateral arrangements.
Here are the statistics:
During the three years 2013-2015, China committed to finance 192 infrastructure transactions totaling $135 billion, primarily through its state-owned policy banks.12 By comparison, the World Bank and the ADB provided $43.95 and $28.26 billion, respectively, for...