The Latecomer's Rise

It should be essential reading for scholars of modern China, as well as policymakers and financial practitioners seeking to understand the implications of China's rise. As China's influence in global finance grows, The Latecomer's Rise will remain a seminal text for years to come. * China Journal * The Latecomer's Rise is an excellent book that introduces the reader to China's two main policy banks active in global development: the China Development Bank (CDB) and China Exim Bank. It is a very valuable source for scholars, policymakers, business professionals, development practitioners, students, and everyone interested in China's rise. * The Review of International Organizations * China's policy banks are distinctive in seeking to simultaneously advance public policy goals and make a profit. Conflicts arise from these mixed motives, which include underwriting infrastructure investment and financing Chinese exports but also advancing Beijing's geopolitical interests. According to Chen, China can reduce this tension by more clearly distinguishing policy and commercial lending, including by establishing separate financial accounts for the two activities. * Foreign Affairs *