World Bank President Peng Anjie: China is not a competitor driving. Local | Peng Anjie | Competitors
"I don't think China is a competitor, you need everyone to participate in driving," said Aja Ibanga in an interview with Bloomberg. On the 14th local time, Bloomberg reported that Peng Anjie, who had just started serving as the President of the World Bank this month, promised to avoid getting involved in competition between the United States and China. According to the report, Peng Anjie believes that climate change and development issues are too urgent, and how to deal with the tense relationship between the world's two largest economies should be put at the back.
Peng Anjie is the new World Bank President nominated by US President Biden, but his statement seems to contradict the stance of the US government. Bloomberg reported that on the 13th, US Treasury Secretary Yellen claimed at a hearing of the House Financial Services Committee that international organizations such as the International Monetary Fund and the World Bank should play an important role in balancing China's growing influence. The United States is the largest source of funding for the World Bank, and since its establishment after World War II, all its presidents have been Americans. The official website of the US Treasury also stated that "the United States is the largest shareholder of the IMF.".
Previously, the IMF also issued a report warning that decoupling between China and the United States would mean a poorer world with no real winners. The IMF report uses models to predict the long-term impact of foreign direct investment diversification, stating that the increasing geopolitical divide around the world may lead to a 2% reduction in global output in the long run. The South China Morning Post in Hong Kong commented that although few people believe that China US relations will be completely broken, geopolitical differences are widening, casting a shadow over the world economic outlook.