WORLDJul 2 · 08:00 UTCSCMP CHINASylvia Ma

Why the World Bank is winding down loans to China amid a ‘natural’ shift

The World Bank is set to phase out loans to China by 2031, with China's Ministry of Finance attributing the shift to the nation's advancing economy and evolving development needs. The ministry described the declining bilateral financing cooperation as a 'natural' transition toward knowledge sharing.

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World BankorganizationChinaplaceMinistry of Financeorganizationeconomic developmenttopicknowledge sharingtopic

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