China fact and sentence of the day
China has lent more money to other developing countries over the past two years than the World Bank, a stark indication of the scale of Beijing’s economic reach and its drive to secure natural resources.
Here is more. China, of course, is also one of the top borrowers from the World Bank. And here is a good sentence about China, from Frank Fukuyama:
Indeed, the Chinese government often overreacts to what it believes to be public opinion precisely because, as one diplomat resident in Beijing remarked, there are no institutionalised ways of gauging it, such as elections or free media.