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US has warned others to avoid loans from Chinese state banks. But it's the biggest recipient of all
China funneled $200 billion in loans to U.S. businesses over 24 years, largely concealed through offshore shell companies, targeting critical tech and infrastructure assets, AidData found.
- On Tuesday, AidData's report found the United States was the single largest recipient of Chinese state credit from 2000–2023, receiving $202 billion from China's state-owned entities and state banks.
- AidData found China's share lending to upper‑middle and high‑income countries rose to 76% in 2023 from 24% in 2000, with Parks saying `Much of the lending to wealthy countries is focused on critical infrastructure, critical minerals, and the acquisition of high-tech assets, like semiconductor companies`.
- Chinese state banks financed nearly 2,500 U.S. projects, including LNG facilities, data centres, airport terminals and pipelines, often obscured via shell companies in Cayman Islands, Bermuda, and Delaware.
- U.S. regulators tightened screening mechanisms like the Committee on Foreign Investment in the U.S. in 2020, while U.S. and U.K. regulators blocked deals and security experts warned of opaque Chinese stakes raising alarms.
- The report warns Western capitals and policymakers to rethink aid and credit tools, including expanding the U.S. International Development Finance Corporation's $60 billion cap to $250 billion, as Beijing uses economic statecraft to align loans with national power and technological aims.
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US Largest Recipient of Chinese Loans, New Report Shows - The Thinking Conservative News
Many U.S. private companies borrowed billions from Chinese state-owned banks. Some familiar names include AT&T, Disney, BlackRock, MasterCard, American Airlines, United Airlines, Amazon, Oracle, and Ford. The post US Largest Recipient of Chinese Loans, New Report Shows appeared first on The Thinking Conservative News.
In China’s global lending spree, the US has been the biggest beneficiary, study finds
Washington has spent years warning countries about the dangers of accepting Chinese loans. But over the past two decades the United States has been the largest recipient globally.
·Atlanta, United States
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Total News Sources80
Leaning Left14Leaning Right11Center35Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 23%
C 59%
R 18%
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