James Drogan

The May 25 drop from The Economist includes the following:

"The World Bank decided it still has a role to play in China, a country with dollars aplenty, but also with more impoverished people than any other country except India. The bank will lend up to $1.5 billion a year over the next five years."

What is going on here? 

In Foreign Currency Piles Up in China: Reserve Fund Soared to Record in 2005 China is noted as having a foreign currency reserve of $819 billion.