China's Superbank: How China Development Bank is Rewriting torrent

China's Superbank: Debt, Oil and Influence - How China Development Bank is Rewriting the Rules of Finance By Henry Sanderson, Michael Forsythe
English | January 22, 2013 | ISBN: 1118176367 , ISBN-13: 9781118176368, 9781118176399 | 250 pages | PDF | 3,9 MB

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."