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Trade war

Trump's World Bank pick Malpass says China loans will shrink

Treasury official plans Japan visit to muster support for US proposals

David Malpass, nominee for President of the World Bank, speaks at an event with U.S. President Donald Trump at the White House on Feb. 6.    © Reuters
TAKESHI KAWANAMI, Nikkei staff writer | North America

WASHINGTON -- U.S. President Donald Trump on Wednesday nominated David Malpass, a Treasury Department official who has advocated major cuts to World Bank loans to China, to lead the multilateral lender.

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