Beidou Taking on GPS, Private Sector in China, Chinese Overseas Finance Commentary from the Web, Week 14, 2022

BeiDou is ready to take on GPS – SupChina

The era of BeiDou’s global competitiveness has begun. With growing commercial and political ties around the world, especially in the Global South, Chinese cutting-edge service companies like BeiDou — as well as companies like Qianxun and Azimuth — are likely to see widespread global adoption in the years to come.


Is the private sector retreating in China? Not among its largest companies | PIIE

China's wave of regulatory restrictions on private-sector businesses in 2021 has been widely interpreted as reflecting a decisive turn, driven by President Xi Jinping for several years, toward a new economic regime with a greater role played by state-owned enterprises (SOEs). But is China's private sector truly being crushed? Evidence presented in a new PIIE Working Paper tells a different story—that among China's largest companies, the private sector is expanding rapidly and at a faster rate than SOEs.


New Trends in Chinese Overseas Development Finance - The China Africa Project

In less than six years, China's financing of overseas energy projects in the Global South plunged from $35 billion to zero, according to new data released this week from Boston University's Global Development Policy Center. BU's findings mirror a broader pullback in official Chinese lending in other sectors as well, indicating a profound change in Chinese international development finance.

To be sure, China is still extending loans to developing countries but they're smaller and require much more rigorous feasibility studies.

Kevin Gallagher and Cecilia Han Springer from the Global Development Policy Center join Eric & Cobus this week to discuss their new dataset on Chinese energy financing and share some of their insights published in an accompanying policy brief on the latest trends in Chinese development finance.