Category: China Development Bank

Climate Activists Set to Take Control of the World Bank

February 28, 2023
Australia-IndonesiaBusiness & MarketsBusiness ColumnistsChinaChina Development BankChina-Pakistan Economic CorridorDavid Malpassdevelopment bankIMFIndonesiaWorld Bank
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Commentary A change at the World Bank signals change in both U.S. development policy to climate concerns and, possibly, creates a geostrategic risk for the United States. David Malpass, the head of the World Bank, has announced he would leave the office in June, a year before his term was to expire. Malpass, who had been…

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Former Chairman of China Development Bank Sentenced to Life in Prison for Graft

January 7, 2021
BusinessChinaChina anti-corruption campaignChina Business & EconomyChina Development BankChinese banksChinese RegimeCompaniesHu Huaibang
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A Chinese court has sentenced Hu Huaibang, the former chairman of China Development Bank (CDB), to life in prison on bribery-related crimes. He is the second high-profile financial executive to be sentenced this week. The Intermediate People’s Court of Chengde city, in China’s Hebei Province, handed down the sentence on Jan. 7. Hu’s personal property…

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