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Reuters – China says World Bank report ‘clarifies truth’ on Xinjiang programmes.

Summary:
The World Bank was unable to find evidence of any mistreatment of Uighurs in Xinjiang, but as they were unable to fully inspect every facility, they have decided to reduce their funding in light of the recent allegations.[The World Bank] said that a review conducted by senior managers did not substantiate the allegations, but that "in light of associated risks" with the schools which are "difficult to monitor", it would shutter the partnerships.Reuters - China says World Bank report 'clarifies truth' on Xinjiang programmes.

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The World Bank was unable to find evidence of any mistreatment of Uighurs in Xinjiang, but as they were unable to fully inspect every facility, they have decided to reduce their funding in light of the recent allegations.

[The World Bank] said that a review conducted by senior managers did not substantiate the allegations, but that "in light of associated risks" with the schools which are "difficult to monitor", it would shutter the partnerships.

Reuters - China says World Bank report 'clarifies truth' on Xinjiang programmes.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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