> Why does China need the WB"s money or advice? They're overflowing
> with reserves,
I don't know, but the cost of funds may be one consideration. Some of the World Bank loans carry interest rate of 0.75% per year with repayment period of 35 years (including 10 years grace period). What would be the discounted value of future outflows on such terms?
>and they're obviously doing something right.
They are collaborating with/receiving favours from the developed world on a scale no other developing country does.
Ulhas