| Description |
1 online resource (xx, 203 pages) : illustrations. |
| Series |
Bloomberg |
|
Bloomberg.
|
| Note |
9781118176368. |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Chapter I: Introduction: From Caracas to Chengdu The global expansion of China, and the secret to its investment-driven growth at home, can't be explained without a good understanding of the one institution that ties the phenomenon that is China Inc -- together: China Development Bank -- The introductory chapter explains in broad terms the extent of the bank's involvement in China's global expansion and its domestic infrastructure boom -- As western financial institutions came close to collapse in 2008 China Development Bank began its expansion overseas, lending billions for Chinese companies to buy assets and taking a stake in one of the world's biggest financial firms, Barclays Plc -- Since then Chen Yuan, the bank's chairman, has defended the need for a state-owned policy bank to propel China's growth -- Other emerging industrializing countries, such as the British empire and the British East India Company, have also used state-led companies to boost their country's access to resources -- In many ways, China Development Bank is a modern-day equivalent, sending teams of executives to oversee projects from Venezuela to Egypt -- Chapter II: Building the Bank 1. Chen Yuan and his father's planning apparatus 2. Origins of the bank, 1994 3. Chen takes over 4. Risk management and lending innovations 5. Building a bond market This chapter will introduce Chen Yuan and his father, whose bronze bust sits in the lobby of CDB Capital's office in Beijing -- Chen Yun helped write China's first five-year plan in the 1950s and oversaw the planning apparatus that gave rise in 1994 to the China Development Bank -- The contrast between father and son shows the evolution of a Communist cadre from a Marxist revolutionary to a globe-trotting, English-speaking banker who sends his children to America for their educations ... |
| Summary |
This title looks inside the engine-room of China's economic growth - the China Development Bank. Anyone wanting a primer on the secret of China's economic success need look no further than China Development Bank (CDB) - which has displaced the World Bank as the world's biggest development bank, lending billions to countries around the globe to further Chinese policy goals. In "China's Superbank", Bloomberg authors Michael Forsythe and Henry Sanderson outline how the bank is at the center of China's domestic economic growth and how it is helping to expand China's influence in strategically important overseas markets. 100 percent owned by the Chinese government, the CDB holds the key to understanding the inner workings of China's state-led economic development model, and its most glaring flaws. The bank is at the center of the country's efforts to build a world-class network of highways, railroads, and power grids, pioneering a lending scheme to local governments that threatens to spawn trillions of yuan in bad loans. It is doling out credit lines by the billions to Chinese solar and wind power makers, threatening to bury global competitors with a flood of cheap products. Another $45 billion in credit has been given to the country's two biggest telecom equipment makers who are using the money to win contracts around the globe, helping fulfill the goal of China's leaders for its leading companies to "go global." Bringing the story of China Development Bank to life by crisscrossing China to investigate the quality of its loans, China's Superbank travels the globe, from Africa, where its China-Africa fund is displacing Western lenders in a battle for influence, to the oil fields of Venezuela. It offers a fascinating insight into the China Development Bank (CDB), the driver of China's rapid economic development. Travels the globe to show how the CDB is helping Chinese businesses "go global" ... |
| Subject |
Banks and banking -- China.
|
|
China -- Economic policy -- 2000-
|
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China -- Economic conditions -- 2000-
|
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Chine -- Politique économique -- 2000- |
|
Chine -- Conditions économiques -- 2000- |
|
Banks and banking |
|
Economic history |
|
Economic policy |
|
China |
| Chronological Term |
Since 2000 |
| Added Author |
Forsythe, Michael.
|
| Other Form: |
Print version: Sanderson, Henry. China's superbank. Singapore : Bloomberg Press : Published by John Wiley & Sons, ©2013 9781118176368 (OCoLC)826291324 |
| ISBN |
1118176391 |
|
9781118176399 |
|
9781118176382 |
|
1118176383 |
|
1118176367 |
|
9781118176368 |
|
(Mobi) |
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