User:Hhaxiyang/China and the World Bank

Relationship with the World Bank
China is increasing not only its involvement in the World Bank's administration and its contribution but also its aid in Africa and has developed a different approach from the World Bank. On the one side, World bank represents a traditional multilateral organization which provides aid on conditions of political freedom and human rights. On the other side, China represents an immerging new organization that generally provides aid with no conditions and emphasize stability as a crucial threshold for continuing investment. While World Bank's aid has promoted reduced crime and more democracy in African recipient countries, China's aid has promoted more security force and more autocracy in African recipient countries.

With China's power increasing over the years, it seeks to transform its role from an acceptor internalizing itself into the status quo of world financial system to a challenger breaking the current hegemony of the World Bank. China created the China Eximbank in 1994 and since then it has been making growing contributions to international finance system as a state-funded and state-owned policy bank, turning itself into an alternative to aid other countries except the World Bank. It is not willing to merely listen to the World Bank when it comes to setting up the conditions of the multidonor aid packages and instead set up its own rules. It also advocates for the changing of norms within the World Bank such as the lending rules.

Health VIII Project
Created in 1998 and lasted until 2007, the Health VIII Project aimed to increase the overall health quality in seven provinces in China by improving people's access to healthcare, lower health spending, and the quality of health care provided in village clinics and township health centers. In a research study published by the World Bank accessing the impacts of the project in the Gansu Province in China, the researchers found that the project had increased the number of doctor's visit 1.4 by average one year and lower the catastrophic expenses. However, the medicine expenses were the same and the immunization rate of the children is lower, maybe because the project has advantaged the township health centers but disadvantaged the village clinics, which is the main force vaccinating children.

Controversy of World Bank Changing Data to Boost China's Ranking
In 2021 an investigation conducted by the law firm WilmerHale for the World Bank found that the staff members altered the data of China in the annual report of " Doing Business" to improve the ranking of China. The bank leaders then-World Bank President Jim Yong Kim and then-chief Executive Kristalina Georgieva and one of her advisers were accused by the investigation to pressure the staff members to alter the data but Kristalina Georgieva had denied such accusations. Also, China was accused to try to influence the decisions of the World Bank by lobbying in the report.