Chinese financial institutions have lent more than $200 billion to the United States over the past 25 years — more than they have advanced to any other country — as part of a vast global spending spree to take control of Western companies working on sensitive technologies, according to new research released Tuesday.
China discloses very little about the operations of its state-owned banks and asset managers.
But AidData, a research lab at William & Mary University in Williamsburg, Virginia, reported what it called an “unexpected and counterintuitive” finding: Between 2000 and 2023, Chinese financial institutions backed 2,500 projects — including gas pipelines and airport terminals — in almost every U.S. state.
Chinese lenders have extended more than $200 billion to the U.S. over the past 25 years as part of a vast global spending spree to take control of Western companies working on sensitive technologies, according to new research. https://t.co/b6eB9c2Oix
— The Washington Post (@washingtonpost) November 18, 2025