Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn World Bank President David Malpass. Credit: UK DFID The controversy sparked by the World Bank’s admission that one of its key reports had been manipulated in China’s favor has brought an enduring question back into focus: Why does the world’s second-largest economy still borrow so much from the leading global development institution? The Washington, D.C.-based World Bank last month abruptly canceled its flagship 'Doing Business’ report, an annual ranking of countries based on how favorable their environment is for business. The announcement came after an internal investigation revealed that senior bank management, including the International Monetary Fund’s current managing director Kristalina Georgieva, had pressured staff to shift China up the rankings in 2017 — just as a broader debate over the bank’s funding was taking place. China’s desire to move up the Doing Business rankings was hardly unusual, says Timothy Ash, an emerging markets strategist at BlueBay Asset Management, as the report did have some iSubscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.