China’s newest development bank is poised to extend its lending activities beyond Asia to Africa and Latin America, underscoring the Chinese government’s international ambitions at a time when globalisation is fuelling a populist backlash in the west. – Financial Times
A new Chinese-led international development bank announced its first four loans on Saturday, pledging to lend $509 million for projects to spread electric power in rural Bangladesh, upgrade living conditions in slums in Indonesia, and improve roads in Pakistan and Tajikistan. – New York Times
China’s newest development bank is poised to extend its lending activities beyond Asia to Africa and Latin America, underscoring the Chinese government’s international ambitions at a time when globalisation is fuelling a populist backlash in the west. – Financial Times
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