![Chinese President Xi Jinping at the World Economic Forum, Davos, Switzerland, Jan. 17, 2017 (AP photo by Michel Euler).](https://www.worldpoliticsreview.com/wp-content/uploads/2017/01/l_xi_china_01192017_1.jpg?w=519&h=259&crop=1)
That China is an export powerhouse is well established—“Made in China” products can be found in markets from Addis Ababa and Istanbul to Rome and New York. Despite a slowing economy, Chinese export of goods in 2015 totaled over $2.1 trillion, more than Italy’s GDP. But less remarked upon is the rise of China’s newest export: capital. In fact, during his speech at the World Economic Forum in Switzerland this week—the first by a Chinese president—President Xi Jinping not only vigorously defended free trade and globalization but also touted China’s efforts in facilitating global economic development. More than a formidable […]