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100			_aMOURA Rodrigo _eAuthor
245			_aProfit or Power: _bDeterminants of Chinese Financing to the Developing World/ _cRodrigo Moura
260			_c2025
520			_aSince the launch of its ‘going out’ strategy in 1999, China has become the largest bilateral sovereign lender to the developing world. This article argues that, since Xi Jinping came to power in 2012, China has used overseas financing to developing countries to consolidate a strategical wedge between certain borrowing countries and the United States, China’s main geopolitical rival. Using a Heckman two-stage estimation, this article shows how China, albeit providing financing to a wide array of developing nations, lends more and on more favourable terms to countries that are farther away from the United States in terms of foreign policy preferences. Statistical analyses on a sample of 148 developing countries from 2000 to 2017 provide support for the hypotheses.
598			_aPROFIT, POWER, CHINESE
650			_aPROFIT
650			_aPOWER
650			_aFINANCING
773			_gJournal of Contemporary China, Volume 34, Number 152, 2025, Page 198-213
856			_uhttps://doi.org/10.1080/10670564.2024.2343731 _zClick here for full text
942			_2ddc _cJOURNAL _n0
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