World Bank adopts $1 billion-plus annual China lending plan over U.S. objections

WASHINGTON (Reuters) - The World Bank said its board on Thursday adopted a new plan to aid China with $1 billion (£779.42 million) to $1.5 billion in low-interest loans annually through June 2025, despite the objections of U.S. Treasury Secretary Steven Mnuchin and several U.S. lawmakers.Mnuchin told a House Financial Services Committee hearing that the Treasury's representative on the board had objected on to the plan on Wednesday, adding he wants the World Bank to "graduate" China from its..