US warned others to avoid loans from Chinese state banks. But it’s the biggest recipient…

Associated Press: China’s state lenders have funneled $200 billion into U.S. businesses for a quarter of a century, but many of the loans have been kept secret because the money was first routed through shell companies in the Cayman Islands, Bermuda, Delaware and elsewhere that helped obscure their origins, according to AidData, a research lab at the College of William & Mary in Virginia.

More alarming, much of the lending was to help Chinese companies buy stakes in U.S. businesses, many tied to critical technology and national security…