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Opinion

China Grabs More of the $9.5 Trillion Global Loan Market, Increasing Its Influence

China Grabs More of the $9.5 Trillion Global Loan Market, Increasing Its Influence
General view of the Asian Infrastructure Investment Bank (AIIB) building in Beijing on Jan. 13, 2016. VCG via Getty Images
Anders Corr
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Commentary

China is seeking to capture more of the $9.5 trillion global loan market by offering to lend yuan at lower interest rates than those typically charged for dollar loans. This is starting to undercut global dollar lending, which will boost Chinese exports and hurt U.S. banks that lend internationally.

Anders Corr
Anders Corr
Author
Anders Corr has a bachelor’s/master’s in political science from Yale University (2001) and a doctorate in government from Harvard University (2008). He is a principal at Corr Analytics Inc. and publisher of the Journal of Political Risk, and has conducted extensive research in North America, Europe, and Asia. His latest books are “The Concentration of Power: Institutionalization, Hierarchy, and Hegemony” (2021) and “Great Powers, Grand Strategies: the New Game in the South China Sea” (2018).
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