The People's Pepublic of China is on the rise and rise, it is sitting on so much money(about USD 2 trillion) that it has surpassed even the world Bank in giving out loans to the global community:
China ahead of World Bank in loans to developing nations – FT
China lent at least $110bn (£68bn) to governments and firms in other developing countries in 2009 and 2010, surpassing the $100.3bn from the World Bank
Reuters/guardian.co.uk, Tuesday 18 January 2011 09.19 GMT
Beijing: China has lent more money to developing nations than the World Bank in the past two years, the Financial Times said on Tuesday, underlining Beijing's ambitions to increase its global influence.
China lent at least $110bn (£68bn) to governments and firms in other developing countries in 2009 and 2010, surpassing the $100.3bn lent by the World Bank, the newspaper said.
Read the full article here.
To have an idea of the magnitude of how influential China has become, just have a look at the table below to see how much China owned of America's debt:
Treasury bonds are how the US - and other governments for that matter - borrow money, they issue government securities, which other countries and institutions buy.