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China's Development Finance: What Issues for Reporting and Monitoring Systems?

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  • Jiajun Xu
  • Richard Carey

Abstract

This article explores the implications of China's rise for global reporting and monitoring systems (RMSs) in the field of development cooperation. Beyond its fast‐growing – albeit still modest – foreign aid, China has emerged in the last decade as a globally pre‐eminent source of development finance. While China's endeavours are comparable to previous rising powers that strived to build linkages into global commodity chains and to participate in advanced industrial and technology value creation, what makes China distinct from OECD capital providers is its unprecedented scale, cohesive state‐market banking and enterprise institutions, and extensive utilisation of official finance for risk‐taking. This poses an existential crisis for DAC's ODA reporting system, helping to precipitate a wide‐ranging renovation process. Hence, China's intentions and capacities regarding the reporting and monitoring of its development finance have a potentially formative influence on the development of a new, wider DAC reporting system and on other international RMSs in the development finance field as well.

Suggested Citation

  • Jiajun Xu & Richard Carey, 2014. "China's Development Finance: What Issues for Reporting and Monitoring Systems?," IDS Bulletin, Blackwell Publishing, vol. 45(4), pages 102-113, July.
    • Handle: RePEc:wly:idsxxx:v:45:y:2014:i:4:p:102-113
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    File URL: http://hdl.handle.net/10.1111/1759-5436.12096
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    Cited by:

    1. Zhiming Cheng & Russell Smyth, 2016. "Why Give it Away When You Need it Yourself? Understanding Public Support for Foreign Aid in China," Journal of Development Studies, Taylor & Francis Journals, vol. 52(1), pages 53-71, January.
    2. Jiajun Xu & Richard Carey, 2015. "China's international development finance: Past, present, and future," WIDER Working Paper Series wp-2015-130, World Institute for Development Economic Research (UNU-WIDER).
    3. Dreher, Axel & Fuchs, Andreas & Parks, Bradley & Strange, Austin M. & Tierney, Michael J., 2016. "Apples and Dragon Fruits: The Determinants of Aid and Other Forms of State Financing from China to Africa," Working Papers 0620, University of Heidelberg, Department of Economics.
    4. Jiajun Xu & Richard Carey, 2015. "China's international development finance: Past, present, and future," WIDER Working Paper Series 130, World Institute for Development Economic Research (UNU-WIDER).
    5. Luhao Liu & Xudong Hu & Zhongxiu Zhao, 2022. "Does Horizontal‐Paradigm Aid Weaken the Governance of Recipient Countries? Evidence from China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(2), pages 1-27, March.

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