{"id":579096,"date":"2026-05-12T02:05:19","date_gmt":"2026-05-12T02:05:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/579096\/"},"modified":"2026-05-12T02:05:19","modified_gmt":"2026-05-12T02:05:19","slug":"china-should-stop-hoarding-food-and-fertiliser-says-former-world-bank-chief","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/579096\/","title":{"rendered":"China should stop hoarding food and fertiliser, says former World Bank chief"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">On the Iran ceasefire, which Trump on Monday described as being on &#8220;massive life support&#8221;, Malpass said the world should unite behind the United States and demand a resolution. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;You can&#8217;t have a rogue state with plutonium, and you can&#8217;t block the Strait of Hormuz,&#8221; he said.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Malpass, was hopeful that China would help find a resolution to the deadlock in the Strait of Hormuz, saying that the free movement of ships was in its economic interest: &#8220;China benefits from open waterways worldwide.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;They run the shipping lines, own the containers, and make huge profit from trade with the rest of the world. So, they would be a big loser if Iran in some way had control of the Strait of Hormuz&#8221;, he said.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">On the economic outlook for ordinary Americans ahead of Tuesday&#8217;s US inflation data for April, Malpass said prices are heading higher. &#8220;I expect some up, yes, prices will go up on many products,&#8221; he said.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But he added &#8220;robust&#8221; jobs data showed the US economy was resilient.<\/p>\n","protected":false},"excerpt":{"rendered":"On the Iran ceasefire, which Trump on Monday described as being on &#8220;massive life support&#8221;, Malpass said the&hellip;\n","protected":false},"author":2,"featured_media":579097,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-579096","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/579096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=579096"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/579096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/579097"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=579096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=579096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=579096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}