“Will China continue to finance global infrastructure development in the same way it used to?”
It’s a question China public policy expert Hong Zhang asks in a report published on February 14 by Johns Hopkins University’s China-Africa Research Initiative (CARI).
It’s also a question that matters deeply, and not just to Chinese state-owned enterprises (SOEs), banks and policymakers, and the countries – mostly emerging markets in Asia and Africa – most heavily targeted by Belt and Road Initiative (BRI) funding in the Xi Jinping era.
In terms of development finance, of working to channel capital to countries that need it most, what kind of China will emerge from the pandemic?
Developed-world sovereigns, and multilaterals like the IMF and World Bank, also care.
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