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Synopsis

Inside the engine-room of China's economic growth—theChina Development Bank

Anyone wanting a primer on the secret of China's economicsuccess need look no further than China Development Bank(CDB)—which has displaced the World Bank as the world'sbiggest development bank, lending billions to countries around theglobe to further Chinese policy goals. In China’sSuperbank, Bloomberg authors Michael Forsythe and HenrySanderson outline how the bank is at the center of China's domesticeconomic growth and how it is helping to expand China's influencein strategically important overseas markets.

100 percent owned by the Chinese government, the CDB holds thekey to understanding the inner workings of China's state-ledeconomic development model, and its most glaring flaws. The bank isat the center of the country's efforts to build a world-classnetwork of highways, railroads, and power grids, pioneering alending scheme to local governments that threatens to spawntrillions of yuan in bad loans. It is doling out credit lines bythe billions to Chinese solar and wind power makers, threatening tobury global competitors with a flood of cheap products. Another $45billion in credit has been given to the country's two biggesttelecom equipment makers who are using the money to win contractsaround the globe, helping fulfill the goal of China's leaders forits leading companies to "go global."

Bringing the story of China Development Bank to life bycrisscrossing 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 abattle for influence, to the oil fields of Venezuela.

  • 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 Chinesebusinesses "go global"
  • Written by two respected reporters at Bloomberg News

As China's influence continues to grow around the world, manypeople are asking how far it will extend. China’sSuperbank addresses these vital questions, looking at theinstitution at the heart of this growth.

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