China operates multiple development banks that finance and initiate large-scale development projects (energy transformation, technologies, platforms, communications, security) globally, positioning itself as a development superpower alternative to the United States.
factualpending
Speaker
Nomi PrinsEvidence Quote
“China has several development banks that are used within the country and in conjunction with other countries to develop um you sort of energy transformation Technologies platforms communications security and so forth”
Source
'Permanent Distortions' Created: These Are Economy's Biggest 'Red Flags' | Nomi Prins— David LinCreated: 8/11/2026, 1:12:12 AM
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