World Bank to phase out China lending by 2031
The World Bank will end its lending to China by 2031, following a decline in loans amid China's economic ascent. The bank will limit future lending to $2 billion, reflecting China's significant development progress, according to a source. The US welcomed this decision, asserting that China, as a major economy, should no longer receive financial support from multilateral institutions.
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Published 30 Jun 2026, 23:40 UTC · Updated 30 Jun 2026, 23:50 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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