New Delhi, Nov. 20 -- China has shifted its global financial priorities, with more than three-quarters of its overseas lending now supporting upper-middle-income and high-income countries. The United States is the largest single recipient of Chinese official credit, receiving over $200 billion across nearly 2,500 projects and activities spanning almost every state. These include investments in pipelines, logistics infrastructure, data centres, and corporate credit facilities.

European nations are similarly significant recipients of Beijing's lending:

EU (27 countries): $161 billion across nearly 1,800 projects

UK: $60 billion

Germany: $33.4 billion

France: $21.3 billion

Italy: $17.4 billion

Portugal: $11.7 billion

Netherlands: $11...