, Columnist
At World Bank, China Moves to the Grown-Up Table
Borrowing less and lending more: This is what it looks like when a “developing nation” develops.
China’s taking its place.
Photographer: Rengim Mutevellioglu/Moment Select, via Getty Images
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The World Bank will scale back loans to China. No matter, China wins anyway.
That’s because China will boost its shareholding in the Washington-based lender, under a capital increase approved by bank members late last month. The U.S. and Japan will each see their stakes trimmed a tad, though they will remain the two biggest voting shares.