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Chinese Companies Far Outstrip U.S. Competitors in World Bank Contracts: Study

by Cobus van Staden

Chinese companies won about one-third of World Bank contracts over the last ten years, more than ten times the dollar amount awarded to U.S. companies.

This is one of the findings of a new Government Accountability Office (GAO) study requested by a group of Republican senators, who say it raises national security concerns for the United States.

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