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China Hints It May Not Back U.S. Nominee to Lead World Bank

by Eric Olander
Chinese Foreign Ministry Spokesperson Wang Wenbin at the regular press briefing in Beijing on March 22, 2023. Image via the Chinese Ministry of Foreign Affairs.

Ajay Banga’s candidacy to become the next president of the World Bank encountered turbulence when the Chinese government hinted that it would oppose his nomination.

Banga spent the day in the Chinese capital on Wednesday, meeting with Finance Minister Liu Kun, senior officials at the central bank and Asian Infrastructure Investment Bank President Jin Liqun. Those meetings all seemed like they went well, based on outward appearances. 

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