In part two, we delve into the composition of Chinese development finance, comparing it to the World Bank, and examine how the Global South perceives its local impact. Prof. Yan Wang will situate Chinese development finance in the global debt landscape by comparing it with World Bank loans. Dr. Ammar Malik will draw on large datasets to discuss the impact of China’s overseas development finance on the Global South at large. Mr. Mustafa Sayed will offer a local interpretation of the nature of Chinese loans to Pakistan and their role in the development of the China-Pakistan Economic Corridor, the first and flagship economic corridor in China’s Belt and Road Initiative.