China's lending hits new heights
Chinese banks signed off on loans of more than $110bn in to developing countries in 2009 and 2010.
STORY HIGHLIGHTS
Chinese banks signed overseas loans of at least $110bn in 2009 and 2010Equivalent arms of World Bank made loans of $100.3bn from mid-2008 to mid-2010Volume of loans indicates Beijing forging new patterns of China-led globalisation
RELATED TOPICS
China
China Development Bank
The World Bank Group
China has lent more money to other developing countries over the past two years than the World Bank, a stark indication of the scale of Beijing's economic reach and its drive to secure natural resources.
China Development Bank and China Export-Import Bank signed loans of at least $110bn (
