Foreign media: The World Bank plans to set the upper limit of sovereign lending to China at $2 billion during the 2026–2031 period, and will completely cease lending to China after 2031.
This move stems from prolonged pressure from the United States, which argues that as the world's largest official creditor nation, China should no longer occupy development funds intended for poorer countries. The chairman of the U.S. House Committee on Financial Services welcomed this decision and called on the Asian Development Bank to follow suit. World Bank officials described this shift as a "new phase" reflecting China's significant economic development.
China responded by stating this is a "natural outcome" of the transformation in bilateral cooperation. As domestic economic development needs evolve, future collaboration will shift from financing to knowledge sharing.
Original article: toutiao.com/article/1869599659212812/
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