Yes, #China is investing globally—but not so much in its belt and road initiative
China has become a major financier to the world. Last year its outward direct investment (ODI) totaled $170 billion and the overseas lending from its two policy banks added another $100 billion. One aspect of the overseas financing is China’s "One Belt, One Road" (OBOR) initiative. This is President Xi Jinping’s idea of supporting infrastructure development in countries west and south of China. Beijing is hosting a belt-and-road summit on May 14 and 15, which 28 heads of state will attend. There are two main types of capital outflow that are relevant for OBOR: ODI, and lending by China’s policy banks, China Development Bank (CDB) and the Export-Import Bank of China (EXIM). The top 10 destinations of ODI were: the Cayman Islands, the Virgin Islands, the United States, Singapore, Australia, the Netherlands, the United Kingdom, Russia, Canada, and Indonesia. Of these, only Russia and Indonesia are along the belt and road. China is a very significant funder of infrastructure in the developing world, but it is happening everywhere, not just along the belt and road.
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