FDI more important than trade in boosting Chinese lending – paper
Banks' activities in emerging economies increase in line with direct investment, say researchers
Cross-border lending by Chinese banks has become more positively correlated with inward investment following the pandemic and less correlated with bilateral trade, a working paper from the Bank for International Settlements (BIS) finds.
The authors – Catherine Casanova, Eugenio Cerutti and Swapan-Kumar Pradhan – analysed lending by Chinese banks in 85 emerging market and developing economies (EMDEs) between 2017 and 2022.
The study finds that before the pandemic, the positive correlation between
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