The United States passed the Better Utilization of Investment Leading to Development(BUILD Act),as a counterweight to China’s overseas development activities.Under the Act,the US established a new federal agency,the ...The United States passed the Better Utilization of Investment Leading to Development(BUILD Act),as a counterweight to China’s overseas development activities.Under the Act,the US established a new federal agency,the U.S.International Development Finance Corporation(DFC),to enhance U.S.development financing capabilities.To better understand the impact of the DFC on China’s development finance,this article analyzes the DFC’s purpose,functions,structure,and funding.Then it focuses on the purpose of establishing the DFC,providing a preliminary analysis of the potential motivation for its establishment.It also compares the China Development Bank(CDB)and the DFC based on their focused sectors.Finally,through an in-depth analysis of financial frictions in China-U.S.relations,this article argues that the DFC competes with China’s overseas development financing activities in the context of broader strategic competition between China and the U.S.展开更多
Since the reform and opening-up to the outside world, China has formed a series of guidelines and policies towards the United States, which are the theoretical foundation of China’s U.S. policy thinking in the New Ce...Since the reform and opening-up to the outside world, China has formed a series of guidelines and policies towards the United States, which are the theoretical foundation of China’s U.S. policy thinking in the New Century. Entering the new century, the international situation has undergone profound and complicated changes, the national strength gap between China and the United States has narrowed, their common interests have expanded, differences and contradictions have increased. Therefore, China stands for both countries to adhere to the direction of developing cooperative partnership, respect each other, abide by the promises, seek equal and mutual benefits and win-win cooperation, and mutually respect each others core interests. The future development of China-U.S. relations still face many challenges and China’s U.S. policy thinking needs to keep abreast with the times.展开更多
文摘The United States passed the Better Utilization of Investment Leading to Development(BUILD Act),as a counterweight to China’s overseas development activities.Under the Act,the US established a new federal agency,the U.S.International Development Finance Corporation(DFC),to enhance U.S.development financing capabilities.To better understand the impact of the DFC on China’s development finance,this article analyzes the DFC’s purpose,functions,structure,and funding.Then it focuses on the purpose of establishing the DFC,providing a preliminary analysis of the potential motivation for its establishment.It also compares the China Development Bank(CDB)and the DFC based on their focused sectors.Finally,through an in-depth analysis of financial frictions in China-U.S.relations,this article argues that the DFC competes with China’s overseas development financing activities in the context of broader strategic competition between China and the U.S.
文摘Since the reform and opening-up to the outside world, China has formed a series of guidelines and policies towards the United States, which are the theoretical foundation of China’s U.S. policy thinking in the New Century. Entering the new century, the international situation has undergone profound and complicated changes, the national strength gap between China and the United States has narrowed, their common interests have expanded, differences and contradictions have increased. Therefore, China stands for both countries to adhere to the direction of developing cooperative partnership, respect each other, abide by the promises, seek equal and mutual benefits and win-win cooperation, and mutually respect each others core interests. The future development of China-U.S. relations still face many challenges and China’s U.S. policy thinking needs to keep abreast with the times.
