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
The Bank of China has achieved steadyand considerable development invarious overseas businesses,hasexpanded,and has enhanced its overall strengthand made a tremendous contribution to thedevelopment of the State’s eco...The Bank of China has achieved steadyand considerable development invarious overseas businesses,hasexpanded,and has enhanced its overall strengthand made a tremendous contribution to thedevelopment of the State’s economicconstruction and foreign trade.At present,the Bank of China has 519 overseas agencies,distributed in 19 countries and regions.As ofthe end of June 1995,the total assets value inoverseas branches had surpassed US＄ 150billion.This information was revealed byWang Xuebing,the Chairman of the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The Bank of China has achieved steadyand considerable development invarious overseas businesses,hasexpanded,and has enhanced its overall strengthand made a tremendous contribution to thedevelopment of the State’s economicconstruction and foreign trade.At present,the Bank of China has 519 overseas agencies,distributed in 19 countries and regions.As ofthe end of June 1995,the total assets value inoverseas branches had surpassed US＄ 150billion.This information was revealed byWang Xuebing,the Chairman of the
