Analysts Agatha Kratz and Matthew Mingey from the China-focused research firm Rhodium Group challenged the findings of a controversial dataset produced by Boston University’s Global Policy Development Center. While Kratz and Mingey agree that lending by China’s two major policy banks, the China Development Bank and the China Exim Bank, has decreased in recent years, they don’t believe it’s anywhere near as much as what BU contends.
According to the BU data, lending by these two policy banks plummeted from $75 billion in 2016 to just $4 billion in 2019.
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