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International relations

Japan pushes Asian Development Bank to end China loans

Tokyo sides with US, saying world's No. 2 economy is now rich enough

China was among the top recipients of financing from the Asian Development Bank last year, but Japan says the institution's money would be better spent elsewhere. (Nikkei montage/EPA/Jiji)

TOKYO -- The Japanese government has urged the Asian Development Bank to stop granting new loans to China, on the grounds that the world's second-biggest economy is rich enough to "graduate" from aid, Nikkei has learned.

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