World Bank China Rigging Scandal Highlights Beijing’s ‘Malign Influence’ at UN: Experts

Contact Your Elected Officials
The Epoch Times Logo

Revelations that World Bank leaders pressured staff to rig an influential report in China’s favor have once again shed light on the Beijing regime’s influence within the United Nations system.

A recent investigation found that then-World Bank President Jim Yong Kim and then-Chief Executive Kristalina Georgieva had applied “undue pressure” on staff to boost China’s ranking in its 2018 “Doing Business” report. At the time, the World Bank leadership was “consumed with sensitive negotiations” over a major capital increase, a move that increased China’s stake in the lender, investigators said. Leaders had also received repeated overtures from senior Chinese officials wanting the country’s score to be raised to reflect its initiatives at reform.

The fallout from the probe has been swift. The World Bank announced its abandonment of the Doing Business report entirely. Georgieva, now head of the International Monetary Fund (IMF), has faced calls for her resignation, including by The Economist magazine. The embattled chief, however, has vehemently denied the investigation’s findings.

Analysts now say that the scandal has further underscored the Chinese regime’s malign influence in important multilateral institutions.

China’s communist regime sees the existing international order as a threat to its interests, Seth Cropsey, a senior fellow at the Washington-based think tank Hudson Institute, told The Epoch Times. “So they want to break it up whenever possible.”

“Influence and membership and participation in international organizations give them the foot in the door that they need to accomplish that goal.”

And to achieve its ends, Cropsey said, Beijing is “willing to use bribery, threats of force, political pressure” and any other means.

History of Collaboration

The World Bank played an important role in shaping the Chinese Communist Party’s (CCP) economic reforms in the 1980s and 1990s, when the regime was attempting to extricate the country away from backwater status, according to China expert Michael Pillsbury.

In his book “The Hundred-Year Marathon,” Pillsbury wrote that the World Bank secretly advised the CCP as early as 1983. That year, World Bank executives met with CCP leader Deng Xiaoping. As a result, the bank agreed to study China and recommend how the regime could catch up to the United States economically in the following decades.

By Terri Wu

Read Full Article on TheEpochTimes.com

The Thinking Conservative
The Thinking Conservativehttps://www.thethinkingconservative.com/
The goal of THE THINKING CONSERVATIVE is to help us educate ourselves on conservative topics of importance to our freedom and our pursuit of happiness. We do this by sharing conservative opinions on all kinds of subjects, from all types of people, and all kinds of media, in a way that will challenge our perceptions and help us to make educated choices.

The Kirk Assassination Narrative is Falling Apart

New footage challenges the FBI’s claim that Tyler Robinson shot Charlie Kirk from a UVU rooftop with a .30-06 rifle, casting doubt on the official narrative.

A self-inflicted wound

Leftist propaganda from media, unions, bureaucrats, and schools has indoctrinated the marginalized with an idealized view of socialism and communism.

Katie Porter Syndrome: Toxic Feminism 101

“Katie Porter Syndrome” is a pathology inflicted upon Congressional staffers, the media, and, if the patient gets herself elected governor, all of CA.

The Unique European Social Contract: Effectiveness Over Values

American conservatives often ground their political stances on social issues. The European conversation centers on an effectiveness assessment.

Trump’s Middle East Triumph is Worth Celebrating Even As Peace Remains Elusive 

President Trump’s bold foreign policy defies globalist appeasement, showcasing unwavering American strength and decisive leadership on the world stage.

Trump Set to Become 4th President to Address Israel’s Parliament–What to Know

‘The visit of the U.S. president ... is accompanied by great emotion and expectation,’ an Israeli Ministry of Defense official said.

Supreme Court Won’t Hear Project Veritas Challenge to State Law Blocking Secret Recording

U.S. Supreme Court declined to hear a First Amendment challenge from investigative journalism group against Oregon’s ban on secret recordings.

Katie Porter Syndrome: Toxic Feminism 101

“Katie Porter Syndrome” is a pathology inflicted upon Congressional staffers, the media, and, if the patient gets herself elected governor, all of CA.

Biden Undergoing Radiation, Hormone Treatment for Prostate Cancer

Former President Biden has begun receiving a combination of radiation and hormone treatments for prostate cancer, spokesperson announced.

Trump Names Longtime Adviser Dan Scavino to Key Personnel Position

One of President Trump’s longtime advisers, Dan Scavino, is going to be in charge of selecting and appointing key positions within the executive branch.

First Lady’s Effort Helped Reunite 8 War-Displaced Children With Their Families

First lady Melania Trump said 8 children impacted by the fighting between Ukraine and Russia were reunited with their families on Oct. 9.

Trump Admin Agrees to $20 Billion Rescue Plan for Argentina

The U.S. government has finalized a $20 billion economic rescue plan for Argentina, Treasury Secretary Scott Bessent announced on Oct. 9.

Trump Says He May Invoke Insurrection Act in Portland If Necessary

President Donald Trump on Oct. 6 said he may consider invoking the Insurrection Act in Portland, Oregon, if necessary.
spot_img

Related Articles

Popular Categories

MAGA Business Central