Bundestag Committee: maintain China’s credit line

The Bundestag Committee on Development has refused to discontinue the credit line for China granted by the World Bank Group until 2025 as soon as possible. A corresponding motion by the FDP parliamentary group was rejected yesterday, the committee announced. Specifically, it was about a loan package granted by the World Bank to China in December 2019 with an annual volume of between one and $1.5 billion.