{"id":3546,"date":"2018-03-06T09:00:56","date_gmt":"2018-03-06T14:00:56","guid":{"rendered":"https:\/\/www.bu.edu\/gdp\/?p=3546"},"modified":"2023-02-08T13:23:46","modified_gmt":"2023-02-08T18:23:46","slug":"slowing-down-powering-up-2017-chinese-energy-development-finance","status":"publish","type":"post","link":"https:\/\/www.bu.edu\/gdp\/2018\/03\/06\/slowing-down-powering-up-2017-chinese-energy-development-finance\/","title":{"rendered":"Slowing Down, Powering Up: 2017 Chinese Energy Development Finance"},"content":{"rendered":"<figure id=\"attachment23495\" aria-describedby=\"caption-attachment23495\" style=\"width: 646px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" src=\"\/gdp\/files\/2018\/03\/fre-sonneveld-q6n8nIrDQHE-unsplash-636x424.jpg\" alt=\"\" width=\"636\" height=\"424\" class=\"size-medium wp-image-23495\" srcset=\"https:\/\/www.bu.edu\/gdp\/files\/2018\/03\/fre-sonneveld-q6n8nIrDQHE-unsplash-636x424.jpg 636w, https:\/\/www.bu.edu\/gdp\/files\/2018\/03\/fre-sonneveld-q6n8nIrDQHE-unsplash-1024x683.jpg 1024w, https:\/\/www.bu.edu\/gdp\/files\/2018\/03\/fre-sonneveld-q6n8nIrDQHE-unsplash-768x512.jpg 768w, https:\/\/www.bu.edu\/gdp\/files\/2018\/03\/fre-sonneveld-q6n8nIrDQHE-unsplash-1536x1024.jpg 1536w, https:\/\/www.bu.edu\/gdp\/files\/2018\/03\/fre-sonneveld-q6n8nIrDQHE-unsplash.jpg 1920w\" sizes=\"(max-width: 636px) 100vw, 636px\" \/><figcaption id=\"caption-attachment23495\" class=\"wp-caption-text\">Photo by Fr\u00e9 Sonneveld via Unsplash.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The 2017 update of the <\/span><a href=\"https:\/\/www.bu.edu\/cgef\/#\/intro\"><b>China\u2019s Global Energy Finance (CGEF) Database<\/b><\/a><span style=\"font-weight: 400;\"> shows China\u2019s two global policy banks, the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM), are becoming the largest sources of energy finance for governments across the world.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The interactive database, managed by the Boston University Global Development Policy Center, tracks Chinese overseas energy financing by CDB and CHEXIM to foreign governments. These institutions do not regularly and systematically publish this data. The latest update includes an interactive filter for the Belt and Road Initiative (BRI), allowing users to search by BRI countries.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a <\/span><a href=\"https:\/\/www.bu.edu\/gdp\/files\/2018\/03\/03.2018_China.Global.Energy.Database_-Jin.Gallagher-1.pdf\"><b><i>new policy brief<\/i><\/b><\/a><span style=\"font-weight: 400;\">, Junda Jin and <\/span><a href=\"https:\/\/www.bu.edu\/gdp\/profile\/kevin-p-gallagher\/\"><span style=\"font-weight: 400;\">Kevin P. Gallagher<\/span><\/a><span style=\"font-weight: 400;\"> analyze the main trends and discuss changes in China\u2019s development finance in the energy sector in 2017. The authors&#8217; analysis is based on the amount of energy capacity for 87 percent of the 144 power plants in the CGEF Database\u2014totaling roughly 76,000 MW for all Chinese overseas power plants.\u00a0<\/span><\/p>\n<h5><b>Main findings:<\/b><\/h5>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In 2017, CDB and CHEXIM provided $25.6 billion in energy financing, increasing the total amount of energy finance by China\u2019s policy banks to roughly $225.8 billion since 2000.\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">While 2017 lending represents a nearly 45 percent decrease from 2016 levels at $47.3 billion, the total number of loans and countries increased from the year before.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The majority of 2017 financing was in power generation, with significant increases in hydroelectric power plants.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Africa received the largest amount of energy finance at 26.7 percent of the total and BRI countries received 55.9 percent of total energy finance from CBD and CHEXIM.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Declines in Chinese development finance are concentrated in significant reductions in extractive activities, energy transmission and distribution systems.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What is somewhat masked in the 2017 data is that there has been an increase in the dollar amount of loans in the power sector, which almost tripled relative to 2016 and exceeded the 2013-2016 average.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For the authors, the latest update shows China\u2019s overseas energy finance continues to be a global phenomenon. Beyond Africa, the South Asia and Latin America regions remain large recipients of Chinese energy financing.\u00a0<\/span><\/p>\n<a href=\"https:\/\/www.bu.edu\/cgef\/#\/intro\" class=\"button\">Explore the Data<\/a>\n<a href=\"https:\/\/www.bu.edu\/gdp\/files\/2018\/03\/03.2018_China.Global.Energy.Database_-Jin.Gallagher-1.pdf\" class=\"button\">Read the Policy Brief<\/a>\n<a href=\"https:\/\/www.bu.edu\/gdp\/files\/2018\/03\/03.2018_China.Global.Energy.Database_-Jin.Gallagher_CN.pdf\" class=\"button\">\u9605\u8bfb\u4e2d\u6587\u7248\u653f\u7b56\u7b80\u62a5<\/a>\n<p style=\"text-align: center;\">\n","protected":false},"excerpt":{"rendered":"<p>The 2017 update of the China\u2019s Global Energy Finance (CGEF) Database shows China\u2019s two global policy banks, the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM), are becoming the largest sources of energy finance for governments across the world.\u00a0 The interactive database, managed by the Boston University Global Development Policy Center, tracks [&hellip;]<\/p>\n","protected":false},"author":10886,"featured_media":23495,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1151,75,70,73,92,1070,156,72,106,77,36,104],"tags":[211,1833,1843,1797,1592,1593,1143,695,1684,501,2795,1589,2246,437,696,1626,2358,2388,2185,429,1003,2623],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/posts\/3546"}],"collection":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/users\/10886"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/comments?post=3546"}],"version-history":[{"count":19,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/posts\/3546\/revisions"}],"predecessor-version":[{"id":23499,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/posts\/3546\/revisions\/23499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/media\/23495"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/media?parent=3546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/categories?post=3546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/tags?post=3546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}