Yellen said institutions such as the IMF and the World Bank reflect American values: they are not American.

[Yellen says IMF, World Bank and other institutions reflect US values the Ministry of Foreign Affairs: they are not of the United States] Foreign Ministry spokesman Wang Wenbin hosted a regular press conference on 14 June. A reporter asked at the meeting: us Treasury Secretary Yellen proposed yesterday that international organizations such as the IMF and the World Bank reflect US values. Yellen mentioned that they play an important role in balancing unsustainable loans from China and other countries, and believes that China is not eligible for loans from the World Bank. Do you have any comment on this? At a regular press conference held by the Chinese Ministry of Foreign Affairs on June 14, Foreign Ministry spokesman Wang Wenbin said that the International Monetary Fund and the World Bank are multilateral financial institutions that reflect the democratization of international relations and promote international cooperation on the basis of fully reflecting the interests of member countries. Wang Wenbin further stressed that they are not the "United States International Monetary Fund" or the "United States World Bank." China always abides by international rules, conducts investment and financing cooperation with developing countries based on the principle of openness and transparency, does not attach any political conditions and does not seek any political self-interest. China has always helped developing countries to ease their debt burdens and has made the greatest contribution to the G-20 debt repayment initiative.