Summary
The United States receives more loans from China than any other country, based on a large dataset covering 24 years. China's international lending is largely aimed at increasing its power by investing in wealthy countries' critical infrastructure, minerals, and high-tech assets. The report suggests that China's strategy is influencing Western countries, including the U.S., to rethink their own global aid and investment approaches.
Key Facts
- The U.S. has received $202 billion in loans from China, the most of any country.
- China's total overseas lending from 2000 to 2023 was $2.2 trillion.
- The report covers data from over 30,000 projects across 217 countries.
- China's loans are focused on critical infrastructure and technology.
- The report mentions China's goal of becoming a leading global industrial power.
- Western countries, including the U.S., are adjusting their global aid strategies in response to China's lending approach.
- The U.S. government is considering reallocating USAID funds to increase the lending cap of the U.S. International Development Finance Corporation (DFC).
