Author (s)：

Andreas Fuchs and Muyang Chen

Abstract: 

The Latecomer’s Rise: Policy Banks and the Globalization of China’s Development Finance is an excellent book that introduces the reader to China’s two main policy banks active in global development: the China Development Bank (CDB) and China Exim Bank. Author Muyang Chen draws on a wide range of data sources, including her own series of interviews with key stakeholders, to offer deep insights into these pivotal institutions in China’s international development finance. It is a very valuable source for scholars, policymakers, business professionals, development practitioners, students, and everyone interested in China’s rise.

When you open the book, you expect to gain novel insights into the inner workings of the major Chinese policy banks active in global development. And the book delivers on this expectation. However, before analyzing the global dynamics, the reader gets an overview of the development of the CDB’s domestic activities and how this spurred China’s own industrial and infrastructure development.

Citation: 

Fuchs, A. Muyang Chen. 2024. The Latecomer’s Rise: Policy Banks and the Globalization of China’s Development Finance. (Ithaca, NY: Cornell University Press). Rev Int Organ (2024). https://doi.org/10.1007/s11558-024-09568-x.

Link: 

https://doi.org/10.1007/s11558-024-09568-x.