“生产性债务”通过构建“协同性融资—生产性投资—可负担还款”的良性循环来促进债务国经济增长，是一种让债务国和债权国实现共赢的投融资合作方式。中国海外贷款具有“生产性债务”的特征，能够有效促进其他发展中国家的经济增长。与美国和世界银行等传统官方债权人相比，中国贷款在撬动私人部门资金和促进工业发展等方面更具优势。

Productive debt promotes economic growth in borrower countries through a virtuous cycle of “collaborative financing，productive investment，and affordable repayment”.It is an effective financing and investment cooperation model that benefits both the debtor and the creditor.China's overseas lending (COL) exhibits key characteristics of productive debt，significantly boosting economic growth in other developing countries.Compared with traditional official creditors like the United States and the World Bank，COL demonstrates stronger capabilities in leveraging private capital and advancing industrial development.