CNA938 Rewind - World Bank to phase out China loans by 2031: Impact on global development

The World Bank plans to phase out lending to China by 2031, marking the end of Beijing's status as a borrower after decades of support. The move reflects China's rise to the world's second-largest economy and follows years of pressure from the US to redirect development financing to nations with greater needs. Andrea Heng and Hairianto Diman speak with Johan Sulaeman, Professor of Finance, NUS Business School, to examine what the shift tells us about China's changing role in the global financial system.