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

“And yet they still have the pretence of being a developing country in the WTO and in the World Bank, and they could suspend that,” Malpass added.

  • Listen: World Business Report – Oil deadlock deepens

Liu Pengyu, spokesperson for the Chinese embassy in Washington DC, told the BBC in an emailed statement: “China is committed to maintaining the stability of global food and fertilizer markets.

“The root causes behind the current disruptions in global food and fertilizer supply chains are crystal clear; this blame cannot be shifted onto China,” he added.

READ MORE ON THE NEXT PAGE…