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News 2026-07-02 22:59 UTC

World Bank to Cut Off China Loans by 2031

() -- (Updates to add comment from a spokesperson for China's embassy in the U.S. in the last paragraph) The World Bank plans to gradually end new lending to China by 2031, limiting financing at $2 billion through that date, Reuters reported Wednesday, citing sources familiar with the plan. While no formal vote is mand