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China’s relations with the World Bank: between great power and developing country

In: The Elgar Companion to the World Bank

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  • Marina Rudyak

Abstract

The People’s Republic of China (PRC) went from being the World Bank’s largest loan recipient (in 1993) to its sixth-largest contributor (in 2020) and the world’s largest bilateral development lender. While China has called for greater representation of developing countries in the international development system, instead of pursuing a fuller integration, it expresses a preference for bilateral lending and has founded two new multilateral development banks. The partial integration reflects its structural and policy dissatisfactions with the World Bank dominated system and its inherent power asymmetries in favor of the G7. This chapter, first, traces Chinas history with the World Bank as borrower and contributor, and China’s role as a provider of international development cooperation. It then turns to the reasons for China’s partial integration, drawing hereby extensively on Chinese discourse and sources. The chapter concludes with discussion of the prospects for a fuller integration.

Suggested Citation

  • Marina Rudyak, 2024. "China’s relations with the World Bank: between great power and developing country," Chapters, in: Antje Vetterlein & Tobias Schmidtke (ed.), The Elgar Companion to the World Bank, chapter 13, pages 154-165, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21163_13
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    File URL: https://www.elgaronline.com/doi/10.4337/9781802204780.00025
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