At a U.S. Senate Foreign Relations Committee hearing last week on Strategic Competition With the PRC: Assessing U.S. Competitiveness Beyond the Indo-Pacific, one issue that came up was China's status as a developing country.

U.S. Senators John Thune (R-SD) and Angus King (I-ME) have introduced a resolution that calls for reform of the special and differential treatment rules at the WTO, so that China is not able to self-designate as a developing country.

Last week, the House Foreign Affairs Committee approved a bill that would require the U.S. administration to push for changes to China's developing country status in international organizations, bringing the bill one step closer to passage in the House.

Yesterday, a bipartisan duo of members of Congress announced that they had introduced legislation that would push back against the labelling of China as a "developing country" in international organizations.

Last week, a bipartisan duo of U.S. Senators introduced legislation "to prevent the granting of 'developing nation' status to China in future treaties and international organizations."

At a Senate Finance hearing today, Senator James Lankford (R-OK) had an exchange with U.S. Treasury nominee Jay Shambaugh on several issues related to the World Bank and China.

At an event hosted by the Peterson Institute today, World Bank President David Malpass offered some thoughts on the role of World Bank lending to China, an issue on which he previously weighed in as a Treasury Department official during the Trump administration.