WASHINGTON : With over US$66 billion in total capital, China has passed Japan to become the second largest contributor to the system of development banks that provide some US$200 billion in subsidized loans to poor countries each year, a new report said Thursday.
It said that China, the world's second largest economy after the United States, is the fifth largest overall donor across the range of United Nations agencies focused on development, including the U.N. Development Program, World Food Program, and World Health Organization. "There’s been a lot of attention to China’s Belt and Road lending to developing countries, but a lot less on its growing footprint at global institutions like the World Bank," said Scott Morris, a senior fellow at the center.
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Fatigue and frustration as China presses strict zero-Covid strategyNearly two years into a pandemic that has seen China pursue some of the world's most stringent coronavirus measures, some grumbling has started to emerge over the strategy, particularly as other nations learn to live with the virus.
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