China's rise as a global economic superpower, the success of its top
companies, and its continuing domestic boom is intricately tied to China
Development Bank. This less-than-transparent institution, which is
wholly owned by the Chinese government, has become the financial enabler
of the nation's growth and is arguably the most powerful bank in the
world. While development banks have long existed to financial political
projects, infrastructure, and other initiatives, nothing comes close to
China Development Bank in scope. Bloomberg journalists Henry Sanderson
and Michael Forsythe explores China Development Bank’s hallmark
innovation which has transformed China’s landscape in just over a decade
by pumping trillions of yuan into various domestic projects.
In the new book, China’s
Superbank: Debt, Oil and Influence – How China Development Bank is
Rewriting the Rules of Finance, the authors combine
on-the-scene reporting and interviews from across the world with numbers
crunched from Chinese bond prospectuses to tell the story about that
bank. “We are both Chinese-speaking accredited journalists working in
Beijing. As such, we have access to conferences and political events,”
the authors said.
This book reveals how the Chinese economy really works, and how its
state policy bank is influencing world trade and politics. Understanding
it will help you convey the complexity of China's financial system.
China’s Superbank offers substantial material that is
exclusive and never been reported, and will bring the story of China
Development Bank to life by crisscrossing China to investigate the
quality of its loans.
Throughout the book, Sanderson and Forsythe:
-
Profile Chen Yuan, the Chairman of CDB since 1998, and discuss how
he's been instrumental in reasserting the Communist Party in China's
economy, while managing to preserve enough independence from the
government to make decent investment decisions and function as a
commercially driven institution
-
Analyze CDB's China-Africa Development Fund—China's largest private
equity fund investing in Africa—and its attempts to stimulate
manufacturing in Ethiopia, and CDB's lending to Ghana
-
Address CDB's work to secure a steady flow of oil and gas to China
through loans-for-energy deals around the world, particularly to
Venezuela
-
Examine CDB's lines of credit that have helped new Chinese firms in
telecom and alternative energy win significant global projects, as
well as how the bank is developing a new form of private equity
financing through CDB Capital.
As China’s influence continues to grow around the world, many people are
asking how far it will extend. China’s Superbank addresses
this vital question, looking at the institution at the heart of its
growth.
About the book:
China's Superbank:
Debt, Oil and Influence - How China Development Bank is Rewriting
the Rules of Finance
by Henry Sanderson and Michael Forsythe
ISBN: 978-1-1181-7636-8
A Bloomberg Press imprint, an imprint of Wiley
Published in October 2012; Hardcover and e-book; 201 pages; US $49.95
(Available at all major bookstores and where e-books are sold)
About Bloomberg Press
Since 1996, Bloomberg Press has published books for financial
professionals as well as books of general interest in investing,
economics, current affairs, and policy affecting investors and business
people. Titles are written by well-known practitioners, BLOOMBERG NEWS®
reporters and columnists, and other leading authorities and journalists.
Bloomberg Press books have been translated into more than 20 languages.
For a list of available titles, please visit our Web site at www.wiley.com/go/bloombergpress.
