The US Senate has introduced a bill banning the World Bank from lending to China. Republican John Barrasso announced this at a Senate meeting. DEA News.
He said the United States has an obligation to ensure that its money and resources go to countries that need it most, not China.
The bill would require the U.S. Secretary of the Treasury to instruct U.S. representatives “to object to any bank loan, extension, or technical assistance to China.”
It was previously reported that China. sensitive To the European economy and US consumers, it makes Beijing prone to a banking crisis.
At the same time, the former banker described China as a country with “tangible assets” that will increase in value during the crisis.
McDonald was responsible for debt management for Lehman Brothers at the time of the lender’s bankruptcy in 2008.