Review
‘Banking on Beijing directs a spotlight on a hot policy issue: China's development aid and lending. The authors subject assumptions and anecdotes to the hard test of data – examining almost 4500 projects, involving $358 billion, in 138 countries, over 15 years. They identify humanitarian and commercial motivations, diverse means and ends, risks and gains, and similarities and contrasts with other countries' assistance. The book concludes that China is ‘neither hero nor villain,' but a financing reality that the world should analyze with comprehensive, transparent data. This pathbreaking Open Data work should help developing countries that are dealing with China, international donors and lenders, and even further an improvement in China's policy.' Robert B. Zoellick, Former President of the World Bank, US Trade Representative, and Deputy Secretary of State
‘Axel Dreher and his co-authors have put together what is unquestionably the finest book available on China's overseas development programs. This book is well-researched, superbly organized, and highly readable. It brings together in one place the best available data on Chinese aid, an insightful and balanced analysis of its purposes and impacts, and a thoughtful discussion of how China's programs are likely to affect global aid and development efforts in the years to come. This is a must read for anyone interested in global development, foreign aid, or the rapidly-changing role of China in the world economy.' Steven Radelet, Professor and Director of the Global Human Development Program at Georgetown University and Former Chief Economist of USAID
‘The emergence of China as a major development financier to Africa and other developing countries to support their infrastructure projects is one of the most important forces shaping the global development landscape in the twenty-first century. This book, analyzing newly available AidData and coauthored by five established scholars, provides authoritative, objective and quantitative assessments of the development impacts of those projects on their host countries. It is a must read for anyone concerned about China's new role in the global development community and the future development in the recipient countries of China's infrastructure projects.' Justin Yifu Lin, Dean of the Institute of New Structural Economics at Peking University and Former Chief Economist of the World Bank
‘Kudos to AidData for shining a light on China's lending throughout the developing world. This book uses the data to paint a balanced picture of Chinese activities and to puncture a range of myths. Developing countries can use China's infrastructure finance to address gaps in power and transport and accelerate their development. But the analysis also reveals the pitfalls of debt sustainability, corruption, and environmental degradation. Essential reading for anyone interested in China's role in development.' David Dollar, John L. Thornton China Center, Brookings Institution
‘This is an excellent book that analyses China’s overseas development program from various angles; it will be essential reading for anyone seeking a fresh and in-depth take on the topic. This ground-breaking work strengthens the evidentiary foundation for assessing both the aims and impacts of China’s overseas development program, bridging the gap in the knowledge of this subject matter. This book is organised, comprehensive, and effectively written. In addition, the data provided by this book is very beneficial for general readers and developing countries interacting with China. Finally, this book will serve at the forefront of excellence for the future generation of Chinese overseas development program researchers.’ Charles Ho Wang Mak, Butterworths Journal of International Banking and Financial Law
‘The book presents a balanced picture of China’s overseas development cooperation activities, concluding that China is ‘neither hero nor villain.’’ Yan Wang, The China Quarterly
‘Banking on Beijing is an empirically rich tour de force that is the culmination of tens of thousands of hours of painstaking efforts by the authors and their research teams. The book provides a canonical contribution to the growing scholarship that studies the People’s Republic of China’s (PRC) contemporary engagement in the developing world (Brautigam, 2011; Swedlund, 2017; Oqubay and Lin, 2019). Axel Dreher, Andreas Fuchs, Bradley Parks, Austin Strange and Michael J. Tierney have produced a manuscript that is a must-read for scholars, policymakers and anyone in the general public who are interested in how the PRC’s development efforts are(re)shaping the globe.’ Samuel Brazys, The Review of International Organizations
'The book provides a much-needed comprehensive study of China's investment strategies and the outcomes of the multitude of projects that have been completed so far … this book is a must-read for anyone who wishes to understand the realities of China's overseas development programme and how it may evolve in the future.' Lila Rosenzweig, International Affairs
Book Description
Explains China's transformation from 'benefactor' to 'banker' in its relationship with developing countries and traces the impacts of this change.
About the Author
Axel Dreher is Professor of International and Development Politics, Universität Heidelberg, Heidelberg, Germany. He is also a Fellow at CEPR, CESifo, and AidData.
Andreas Fuchs is Professor of Development Economics and Director of the Centre for Modern East Asian Studies at the Georg-August-Universität, Göttingen, Germany. He is also Director of the Kiel Institute China Initiative.
Bradley Parks is the Executive Director of AidData, a research lab at William & Mary, Virginia. He is also a Non-Resident Fellow at the Center for Global Development.
Austin Strange is an Assistant Professor of International Relations at The University of Hong Kong.
Michael J. Tierney is Professor of Government and Director of the Global Research Institute at William & Mary, Virginia.
