AidData ‘debunks myth’ that most of Beijing’s foreign funding goes to Belt and Road

Travelers at John F. Kennedy International Airport in New York: Chinese state-owned entities party financed terminal construction there, along with a host of other projects and corporate acquisitions, according to AidData. © Reuters
CK TAN
November 18, 2025 15:00 JST
TOKYO — China has ramped up lending and grants to high-income countries rather than developing economies as often assumed, according to a study that shows Beijing’s funding activity dovetails with its own priorities like critical minerals and high-tech assets.