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12/7/2019, 5:01 PM (Source: TeleTrader)
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WB to reduce lending to China after Trump's comments

The World Bank (WB) will lower its lending to China, WB's President David Malpass stressed on Saturday, following the United States President Donald Trump's comments that came earlier today.

"World Bank lending to China has fallen sharply and will continue to reduce as part of our agreement with all our shareholders including the United States. We eliminate lending as countries get richer," Malpass said.

Trump previously urged the World Bank to halt its landing to Beijing as "China has plenty of money, and if they don't, they create it."

Breaking the News / GA