Despite US objections: China billion in loans from the world Bank

Until the middle of 2025 to get the people's Republic of China annually between 1.0 and 1.5 billion dollars in low interest loans. This is evident from the on Thursday evening (local time) in Washington adopted five-year plan. This provides that the credit is to be reduced compared to the previous five-year average of 1.8 billion Dollar "gradually".

The government in Beijing had asked for the funding. According to the world Bank market and tax reforms driven, environmentally-friendly economic growth and to the health of the access of citizens and social services be improved.

criticism from Washington

Mnuchin has spoken out against the promotion. After the USA the second largest economy in the world for such international aid to the wealthy, he criticized. China even forgive the hundreds of billions in loans to other countries for the construction of the so-called new silk road, which aims to improve the Connections between the people's Republic and other regions of the world.

U.S. Deputy see the similar. "The world Bank, which uses American tax dollars, should not grant loans to wealthy countries, which violate the human rights of their citizens and try to dominate weaker countries militarily or economically," said the Chairman of the Senate Finance Committee, Charles Grassley.

China defends, however, the cooperation with the world Bank. You will serve, "China's achievements and experiences in poverty reduction with other developing countries to summarise and share," said aussenamt spokeswoman Hua Chunying. The people's Republic draws attention also to the fact that the Per capita income in the country is still far lower than in the industrial countries. (Dec/sda)

Created: 06.12.2019, 11:16 PM