Related Articles
Forward article link
Share PDF with colleagues

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

Also in this section
ExxonMobil drilling heralds oil era in Guyana
15 June 2018
Keen to add to its production base, ExxonMobil hopes to have the oil flowing from offshore Guyana within two years
Sechin's role in Magomedov arrest under scrutiny
15 June 2018
The arrest of another oligarch with links to the energy industry has raised questions over the motive
Yemen war enters dangerous new phase
13 June 2018
The Saudi-led coalition has embarked on a high-risk strategy to force the Houthis to the negotiating table