"Beijing has used its status as the world’s biggest provider of development finance to burnish claims of leadership in the developing world, deploying funds from its $3.8tn in foreign currency reserves to boost relations with countries that sometimes have an anti-US agenda. But this model now looks compromised, analysts say. Bilateral deals stitched together in secret with countries afflicted with poor credit ratings, insecure governments and ailing resource sectors have shown a propensity to unravel."