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US has warned others to avoid loans from Chinese state banks. But it's the biggest recipient of all
- In recent years, AidData found China’s state lenders routed large loans into U.S. businesses, often hidden through shell companies in the Cayman Islands, Bermuda and Delaware.
- Driven by Beijing's industrial strategy, AidData reports state lenders controlled by China’s central government and the Communist Party's Central Financial Commission shifted credit from development to geo-economic goals under Made in China 2025, targeting 10 high-tech sectors.
- The report shows projects targeting sensitive sectors rose from 46% to 88%, with loans focused on semiconductors, rare earths, robotics and biotechnology, including an 80% Ironshore stake and a $150 million Export‑Import Bank of China loan.
- U.S. regulators responded by beefing up screening mechanisms like the interagency Committee on Foreign Investment in the U.S. in 2020, while analysts caution security implications remain unclear.
- Tracing filings across more than 200 countries shows AidData expanded to 140 researchers years ago as China set up more than 100 overseas banks and branches in recent years.
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26 Articles
26 Articles
In China’s global lending spree, the US has been the biggest beneficiary, study finds
Washington has spent years warning countries about the dangers of accepting Chinese loans. But over the past two decades the United States has been the largest recipient globally.
·Atlanta, United States
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Associated Press News+14 Reposted by 14 other sources
US has warned others to avoid loans from Chinese state banks. But it's the biggest recipient of all
A new report says China funneled billions in hidden loans to U.S. companies over the past quarter century, some targeting industries key to national security.
·United States
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Total News Sources26
Leaning Left9Leaning Right5Center5Last UpdatedBias Distribution48% Left
Bias Distribution
- 48% of the sources lean Left
48% Left
L 48%
C 26%
R 26%
Factuality
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