A recent study conducted by academics from Boston University and the Chinese Academy of Social Sciences has found that Chinese development finance institutions have doubled the amount available in such finances in the world economy in a decade.
As the study, authored jointly by Kevin Gallagher (professor at BU) and Rohini Kamal (FEFI) and Wang Yongzhong (Chinese Academy of Social Sciences) explained, “China is emerging as the global leader in development finance.
As Professor Gallagher said, “In terms of scale, Chinese finance is a major foot forward. All the talk in the development world is of the need to move from ‘billions to trillions’ in order to transition to a more low-carbon and equitable world economy.”
Learn more about the study and about China’s advancements.