Inside the engine-room of China's economic growth--the China Development Bank Anyone wanting a primer on the secret of China's economic success need look no further than China Development Bank (CDB)--which has displaced the World Bank as the world's biggest development bank, lending billions to countries around the globe to further Chinese policy goals. In China's Superbank, Bloomberg authors Michael Forsythe and Henry Sanderson outline how the bank is at the center of China's domestic economic growth and how it is helping to expand China's influence in strategically important overseas markets. 100 percent owned by the Chinese government, the CDB holds the key to understanding the inner workings of China's state-led economic development model, and its most glaring flaws. The bank is at the center of the country's efforts to build a world-class network of highways, railroads, and power grids, pioneering a lending scheme to local governments that threatens to spawn trillions of yuan in bad loans. It is doling out credit lines by the billions to Chinese solar and wind power makers, threatening to bury global competitors with a flood of cheap products. Another $45 billion in credit has been given to the country's two biggest telecom equipment makers who are using the money to win contracts around the globe, helping fulfill the goal of China's leaders for its leading companies to "go global." Bringing the story of China Development Bank to life by crisscrossing China to investigate the quality of its loans, China's Superbank travels the globe, from Africa, where its China-Africa fund is displacing Western lenders in a battle for influence, to the oil fields of Venezuela. * Offers a fascinating insight into the China Development Bank (CDB), the driver of China's rapid economic development * Travels the globe to show how the CDB is helping Chinese businesses "go global" * Written by two respected reporters at Bloomberg News As China's influence continues to grow around the world, many people are asking how far it will extend. China's Superbank addresses these vital questions, looking at the institution at the heart of this growth.

HENRY SANDERSON has been a reporter for Bloomberg News
since April 2010. Prior to that, he was a reporter for the
Associated Press in Beijing and Dow Jones in New York. While at
Bloomberg, Sanderson has covered corporate finance, focusing on
China's banks, the bond market, and the emergence of the yuan as an
international currency. He is a graduate of the University of Leeds
(with a BA in Chinese and English literature) and Columbia
University (with a Master's in East Asian Studies).

MICHAEL FORSYTHE has been a reporter and editor for
Bloomberg News since 2000. Prior to that, he was an officer in the
U.S. Navy for seven years, serving on ships in the U.S. 7th Fleet.
The highlight of his career in Washington was overseeing
Bloomberg's coverage of the historic 2008 presidential election.
Since returning to Beijing in 2009, Forsythe has focused on policy
and politics, with particular emphasis on the international impact
of "China Inc." He is a graduate of Georgetown University (with a
BA in International Economics) and Harvard University (with a
Master's in East Asian Regional Studies).

Inside the engine-room of China's economic growth--the
China Development Bank

Anyone wanting a primer on the secret of China's economic
success need look no further than China Development Bank
(CDB)--which has displaced the World Bank as the world's
biggest development bank, lending billions to countries around the
globe to further Chinese policy goals. In China's
Superbank, Bloomberg authors Michael Forsythe and Henry
Sanderson outline how the bank is at the center of China's domestic
economic growth and how it is helping to expand China's influence
in strategically important overseas markets.

100 percent owned by the Chinese government, the CDB holds the
key to understanding the inner workings of China's state-led
economic development model, and its most glaring flaws. The bank is
at the center of the country's efforts to build a world-class
network of highways, railroads, and power grids, pioneering a
lending scheme to local governments that threatens to spawn
trillions of yuan in bad loans. It is doling out credit lines by
the billions to Chinese solar and wind power makers, threatening to
bury global competitors with a flood of cheap products. Another $45
billion in credit has been given to the country's two biggest
telecom equipment makers who are using the money to win contracts
around the globe, helping fulfill the goal of China's leaders for
its leading companies to "go global."

Bringing the story of China Development Bank to life by
crisscrossing China to investigate the quality of its loans,
China's Superbank travels the globe, from Africa,
where its China-Africa fund is displacing Western lenders in a
battle for influence, to the oil fields of Venezuela.

* Offers a fascinating insight into the China Development Bank
(CDB), the driver of China's rapid economic development

* Travels the globe to show how the CDB is helping Chinese
businesses "go global"

* Written by two respected reporters at Bloomberg News

As China's influence continues to grow around the world, many
people are asking how far it will extend. China's
Superbank addresses these vital questions, looking at the
institution at the heart of this growth.

Anyone wanting a primer on the secret of China's economic success need look no further than China Development Bank (CDB)which has displaced the World Bank as the world's biggest development bank, lending billions to countries around the globe to further Chinese policy goals. In China's Superbank, Bloomberg authors Michael Forsythe and Henry Sanderson outline how the bank is at the center of China's domestic economic growth and how it is helping to expand China's influence in strategically important overseas markets.

100 percent owned by the Chinese government, the CDB holds the key to understanding the inner workings of China's state-led economic development model, and its most glaring flaws. The bank is at the center of the country's efforts to build a world-class network of highways, railroads, and power grids, pioneering a lending scheme to local governments that threatens to spawn trillions of yuan in bad loans. It is doling out credit lines by the billions to Chinese solar and wind power makers, threatening to bury global competitors with a flood of cheap products. Another $45 billion in credit has been given to the country's two biggest telecom equipment makers who are using the money to win contracts around the globe, helping fulfill the goal of China's leaders for its leading companies to "go global."

Bringing the story of China Development Bank to life by crisscrossing China to investigate the quality of its loans, China's Superbank travels the globe, from Africa, where its China-Africa fund is displacing Western lenders in a battle for influence, to the oil fields of Venezuela.

• Offers a fascinating insight into the China Development Bank (CDB), the driver of China's rapid economic development
• Travels the globe to show how the CDB is helping Chinese businesses "go global"
• Written by two respected reporters at Bloomberg News

As China's influence continues to grow around the world, many people are asking how far it will extend. China's Superbank addresses these vital questions, looking at the institution at the heart of this growth.