{"content":"U.S. Treasury Fires Back: “It’s Time to Stop Funding China” In a bold and controversial move, U.S. Treasury Secretary Scott Bessent has publicly called on the World Bank and other global financial institutions to *cut off support to China— saying it’s time to stop treating the world’s second-largest economy like a struggling developing nation Bessent made it clear: China has outgrown aid* meant for poorer countries. With its massive GDP, global trade dominance, and growing geopolitical muscle, he argued that continuing to provide low-interest loans and development funds to China is a misuse of international resources. That money, he said, *should go to countries that are truly in need— not a global superpower with the capacity to fund its own development But the criticism didn’t stop there. Bessent also took aim at the World Bank and the International Monetary Fund, accusing them of drifting away from their original mission — *maintaining global financial stability*. Instead, he claimed they’ve become too entangled in social and political agendas, moving away from their core responsibilities He pushed for tougher lending rules, *greater transparency*, and reforms that would prevent loans from being handed out to nations with *unfair trade practices* or *opaque economic systems* — a clear swipe at Beijing’s tightly controlled financial system and trade policies This isn’t just about money. It’s part of a *larger U.S. strategy to counter China’s rising influence* in key global institutions. Washington wants to reset the rules of engagement — and Bessent’s message was aimed right at the heart of how global aid is distributed If this approach gains support, China could face restricted access to multilateral funding — but the fallout could also create major rifts among World Bank and IMF members. Expect heated debates, diplomatic pushback, and possibly a shift in the global development playbook. This is *economic diplomacy at its sharpest edge— and it could reshape the future of international finance. #china #US ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/18/9aa63c0fb2ba40b39dab7cf592e0bd99.png"],"tags":[],"tradingPairs":[],"quotearticleid":0}