trending Market Intelligence /marketintelligence/en/news-insights/trending/mcqRB2BtsI6ssWbX-9I3Xg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Trump asks World Bank to halt lending to China

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive


Trump asks World Bank to halt lending to China

U.S. President Donald Trump asked the World Bank to revoke a plan to lend $1 billion to $1.5 billion to China over the next five years.

The president's Dec. 6 tweet came one day after the World Bank adopted the lending plan to provide the aid to China in the form of low-interest loans annually through June 2025, Reuters reported.

"Why is the World Bank loaning money to China?" Trump tweeted. "Can this be possible? China has plenty of money, and if they don't, they create it. STOP!"

The World Bank scales back its lending to countries as they become wealthy. The bank told Reuters that it has reduced lending to China and will continue to cut back under an agreement with its shareholders, including the U.S.

In fiscal 2019, the World Bank gave a loan of $1.3 billion to China that ended June 30, compared to about $2.4 billion in fiscal 2017, Reuters reported.