China’s Easy Money Flows Abroad as Credit Squeeze Hurts at Home

China’s Easy Money Flows Abroad as Credit Squeeze Hurts at Home

Nelson Ching/Bloomberg

Busts of former Chinese Communist Party leaders, from left, Chen Yun, Mao Zedong and Deng Xiaopeng sit on display in the lobby of one of China Development Bank Corp.'s (CDB) offices in Beijing. CDB and Export-Import Bank of China are 100 percent owned by the state with a mandate to support Chinese foreign policy.