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New book reveals how China’s superbank takes on the world

China Development Bank has emerged as one of the most important financial institutions in the world, bankrolling the country’s rise at home and abroad, but little is known about its operations. Justin Jacobs reviews a new book which helps shine a light on the secretive bank

Over the past two decades, China has become a central player in global energy markets, driven by the need to secure the oil and gas resources to fuel its economic growth and the desire to makes its state-run oil companies internationally competitive.And no single institution has played as important a role in China’s rise as a global power, and its quest for resources abroad, as the state-backed China Development Bank (CDB), argue Henry Sanderson and Michael Forsythe in their book China’s Superbank: Debt, Oil and Influence - How China Development Bank is Rewriting the Rules of Finance. “In one decade, CDB has become the financial enabler of both China’s global expansion and domestic boom,” Sa

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