China’s development finance institutions have more assets than all others in the current multilateral development finance system, and they have harmed local communities and the environment in ways similar to other multilateral development banks in the past. The way the Chinese development finance institutions respond to the economic impact of the COVID-19 pandemic could further impact local communities and the environment. Over the years, the Global Development Policy Center at Boston University has become a major research center analyzing these impacts and providing useful data for relevant Chinese ministries and other stakeholders. Through this grant, the grantee will continue its collaborative research and policy dialogue with governments, civil society, the private sector and development finance institutions. In addition, this grant will assist key Chinese think tanks in undertaking additional research and developing best practices to assist in establishing policies for more sustainable Chinese development finance.