Former World Bank Chief Warns China Over Massive Food and Fertilizer Stockpiles

This came on top of restrictions that have been steadily put in place since 2021.

Last year, China accounted for about 25% of global output of fertiliser, with exports totalling more than $13bn (£9.6bn).

Malpass, who ran the World Bank from 2019 to 2023, also said that Beijing’s claim to be a developing nation was no longer credible.

“They present themselves as a developing country when they’re the second biggest economy in the world and in many ways rich,” he said.

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