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What country is the world’s biggest secret money lender?

What country is the world’s biggest secret money lender?

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China is already the world’s largest official creditor, second only to the US in total amount of loans issued, however, the question of who dominates in “under the radar” export of capital has been shrouded in mystery. In an interesting recent discovery a collaborative team of researchers revealed that China has become the world’s biggest secret creditor. The experts conducted the first comprehensive study of the Asian giant’s overseas crediting and other financial flows. Entitled “China’s Overseas Lending”, the report is authored by Sebastian Horn (University of Munich, Kiel Institute), Carmen Reinhart (Harvard University), and Christoph Trebesch (Kiel Institute), who explored numerous public and non-public sources to compile data from over six decades, covering thousands of loans and grants to 152 countries. Team member Christoph Trebesch stated that China had always been an active international creditor, lending large amounts to “Communist brother states”, adding: “The increase…
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