This translation has been automatically generated and has not been verified for accuracy.The World Bank on Thursday adopted a plan to aid China with $1-billion to $1.5-billion in low-interest loans annually through June 2025, despite the objections of U.S. Treasury Secretary Steven Mnuchin.
The World Bank loaned China $1.3-billion in the fiscal 2019 year ended June 30, down from about $2.4-billion during fiscal 2017. U.S. lawmakers are also increasingly expressing concerns that U.S. taxpayer funds loaned through the World Bank to China will enable human rights abuses and unfair economic competition with the United States.
China laughs all the way to the bank. WorldBank
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Canada doesn’t need to move ‘in step’ with world counterparts on rates, deputy governor saysBank of Canada deputy governor Timothy Land defended the central banks course on borrowing costs, citing this country’s ‘resilient’ economy
Source: globeandmail - 🏆 5. / 92 Read more »
'The whole world is my karaoke machine': Singing mailman brings smiles to Edmonton streets
Source: CTVNews - 🏆 1. / 99 Read more »
Biden campaigns off video of Trudeau, world leaders talking candidly about TrumpDemocratic presidential candidate Joe Biden has released a video assailing U.S. President Donald Trump as 'a president the world is laughing at' in the wake of a viral video of world leaders appearing to joke about Trump's behavior at a NATO gathering. Joe Biden doesn’t know what planet he is on. And if Trump wins a 2nd term, all these other World leaders are now on Americas economic hit list, courtesy of their own mouths. But only citizens like you & I will suffer. Thanks Justin & Joe 👍👍☹
Source: CTVNews - 🏆 1. / 99 Read more »
Button's World Junior Player Profile: Lafreniere has the skills of RantanenWith the countdown to the World Junior Hockey Championship officially underway, Craig Button takes a closer look at Canadian Alexis Lafrenière and why he has the potential to be the best player in the tournament.
Source: TSN_Sports - 🏆 80. / 51 Read more »
World shares advance after meagre gains on Wall StreetShares advanced in Europe and Asia on Friday after a wobbly session on Wall Street, as investors awaited a U.S. government jobs report and kept an eye out for developments in China-U.S. trade talks.
Source: CTVNews - 🏆 1. / 99 Read more »