The World Bank on December 5 approved a plan to support with low interest loans from 1- 1.5 billion USD annually until 2025. The plan calls for "gradual" lending from The average of 5 years earlier was 1.8 billion USD .
On the evening of December 6, President Trump wrote on Twitter: "Why does the World Bank lend to China? Is it possible? China has a lot of money, and if they don’t, they will make money. "Stop it!".
The president’s message is similar to that of Treasury Secretary Steven Mnuchin, according to the Guardian . Mnuchin announced on December 5 that the United States "objected" to World Bank’s multi-year lending projects and programs for China.
The program "reflects the development of our relationship with China. Our commitment will be increasingly selective," said National Bank of China Country Manager Martin Raiser.
In fiscal 2019, the World Bank loaned China US $ 1.3 billion , down from US $ 2.4 billion in fiscal 2017. However, this reduction is not enough to satisfy the Trump administration. , because Washington thinks China is too rich to receive international aid.