The Trump administration has argued China is too rich to receive World Bank loans. The global financial institution said it was reducing lending to China.
The World Bank said Saturday its loans to China have fallen and will continue to be reduced, amid criticism from US President Donald Trump over lending to the world's second-largest economy.
"World Bank lending to China has fallen sharply and will continue to reduce as part of our agreement with all our shareholders including the United States," it said in a statement.
"We eliminate lending as countries get richer," it added.
The World Bank on Thursday adopted a low-interest loan aid package to China of $1 billion to $1.5 billion (€900 million-1.36 billion) annually through June 2025. The plan calls for lending to "gradually decline" from the previous five-year average of $1.8 billion.