Finance Ministry: China to deepen World Bank ties

China intends to continue strengthening its cooperation with the World Bank to address global challenges, focusing on high-quality local development and supporting developing countries to achieve shared prosperity. A Chinese Ministry of Finance official noted that the collaboration between the two has lasted for more than forty years and has contributed to reform and development efforts and poverty reduction, with a gradual variation in the volume of loans due to China's improving national strength and changing domestic demand.