China Loses World No. 2 Creditor Rank to Germany Amid Yuan Woes

  • Stumble seen as temporary as Brookings forecasts No.1 ranking
  • Outflows and reserve declines have stabilized in recent months

Visitors photograph Pariser Platz square and the Brandenburg Gate in Berlin.

Photographer: Sean Gallup/Getty Images

Germany edged out China as the world’s second-largest supplier of external credit for the first time in at least a decade last year as the Asian nation’s authorities spent up big to support a weakening yuan.

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