After declaring victories over extreme poverty and the coronavirus, Chinese leader Xi Jinping has laid out a new path for China’s economic rise at home and abroad that could force Beijing to adapt to new difficulties caused by the pandemic.
The future direction came as the Chinese Communist Party’s legislature, the National People’s Congress, convened in Beijing on March 5 for a more-than-week-long gathering to unveil a new economic blueprint known as the country’s 14th five-year plan and chart a broad course for China to claim its place as a modern nation and true global power.
The annual summit of Chinese lawmakers laid out broad guidelines that would shape the country’s growth model over the next 15 years.
China’s Global Energy Finance, 2020
The China’s Global Energy Finance Database, compiled and updated annually by Boston University’s Global Development Policy Center, is an interactive data project that exhibits financing for global energy projects by China’s two global policy banks the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM).
In February 2021, the database was updated with 2020 data. A policy brief by Xinyue Ma, Kevin P. Gallagher and Siqi Chen summarizes the main findings and analyzes the trends.
Some main findings from the 2020 update include:
In 2020, China’s Global Energy Finance Database recorded $4.6 billion of overseas energy sector finance provided by China’s two development banks with global operations the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM). This represents a continued decrease from the $8.1 billion in lending to foreign countries recorded in 2019.
Powering Recovery in the Era of COVID-19: China s Role in Global Energy Finance in 2020 and Beyond bu.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bu.edu Daily Mail and Mail on Sunday newspapers.