china is spending billions of dollars in secret development spending, twice as much as the us and other major powers combined. american researchers from aid data found that most of the lending is in the form of risky high interest loans from chinese state banks. the figures are startling, there s been 13,500 infrastructure projects over the last 18 years. combined, the projects are worth more than $843 billion. and the lending is spread far and wide, with projects in 165 countries. and just look at the difference in international loans compared to the us over the last 20 years. while washington s loans have stayed relatively steady, beijing s investment has boomed. it s been quite a change for china, which only recently was a recipient of foreign aid, receiving more than $1 billion in 2003 from the us.
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