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TESTIMONY
May 18, 2021
On May 18, 2021, CGD Senior Fellow Scott Morris testified before the House Committee on Financial Services Subcommittee on National Security, International Development and Monetary Policy at a hearing titled “Examining Belt and Road: The Lending Practices of the People’s Republic of China and Impact...
CGD NOTES
May 18, 2021
Innovation is known to be important for productivity and economic growth, while intellectual property rights are, in conventional economics models, thought to spur innovation. Yet China, which averaged over 6 percent annual economic growth for three decades and is often cited as a “growth miracle,” ...
Blog Post
March 31, 2021
Is Chinese financing good for developing countries? Taking stock of China’s lending activities has long been hindered by the lack of publicly available data on dimensions like loan volumes and interest rates, let alone more esoteric features like loan collateral or default contingencies. A path...
WORKING PAPERS
March 31, 2021
China is the world’s largest official creditor, but we lack basic facts about the terms and conditions of its lending. Very few contracts between Chinese lenders and their government borrowers have ever been published or studied. This paper is the first systematic analysis of the legal terms of Chin...
WORKING PAPERS
March 03, 2021
Over the past decade, China has provided billions of dollars in concessional and non-concessional finance to countries around the world. In light of these trends, both researchers and pundits have focused on China’s motivations for allocating development finance, particularly in Africa, due to debt ...
POLICY PAPERS
March 01, 2021
The Covid-19 pandemic has led to large budget gaps in low- and middle-income countries, with revenues projected to be reduced for years to come. This is the moment for policymakers to consider whether health taxes—levied on tobacco products, alcoholic and sugar-sweetened beverages, and polluting fue...
Blog Post
February 09, 2021
This January, China’s State Council, the country’s chief administrative authority, released a long-awaited update to its White Paper on development. The landmark document marks the culmination of a series of reforms on China’s approach to aid in the last decade, and follows on from two White Papers ...