The World Bank will phase out its lending to China by 2031, according to a plan submitted to the board of the multilateral lender on Tuesday that will end Beijing’s status as a borrower from the Washington-based institution.
The proposal, which will be discussed by the World Bank board during the week of July 20, follows years of pressure from the Trump administration and other countries to end lending to China, reflecting its economic rise.
According to a summary of the proposal seen by the FT, the global development bank’s lending to Beijing would not exceed $2bn between now and 2031, and end after that period.
您已阅读31%（618字），剩余69%（1353字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。