GOP Senators Propose Curbs on Low-Rate World Bank Loans to Beijing

GOP Senators Propose Curbs on Low-Rate World Bank Loans to Beijing
A Chinese laborer works at a construction site on reclaimed land, part of a Chinese-funded project for Port City, in Colombo, Sri Lanka, on Feb. 24, 2020. ISHARA S. KODIKARA/AFP via Getty Images
Emel Akan
Updated:

WASHINGTON—China, the world’s second-largest economy, has been exploiting the World Bank by receiving low-cost loans meant for poor nations, and it’s time to stop this practice, a group of prominent China critics in the U.S. Congress say.

The Chinese economy has grown rapidly over the past four decades, yet the World Bank still considers China a developing nation and despite U.S. objections sends it development aid.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
twitter
Related Topics