Opinion
General view of the Asian Infrastructure Investment Bank (AIIB) building in Beijing on Jan. 13, 2016. VCG via Getty Images
Commentary
China is seeking to capture more of the $9.5 trillion global loan market by offering to lend yuan at lower interest rates than those typically charged for dollar loans. This is starting to undercut global dollar lending, which will boost Chinese exports and hurt U.S. banks that lend internationally.
