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AIIB President Claims U.S. Under Trump may Join the Chinese-Backed Bank

Nov 15, 2016 11:38 AM EST

The U.S. has so far chosen to stay out of the Asian Infrastructure Investment Bank (AIIB). However, the American government may overcome its phobia for the China-backed investment bank, according to AIIB's president, Jin Liqun, in an interview with leading Chinese newspaper China Daily.

China, Switzerland Form Strategic Partnership; Sign Cooperation Agreements

China, Switzerland Sign Cooperation Agreements

Desiree Sison |

Apr 10, 2016 07:15 AM EDT

China and Switzerland signed a number of cooperation agreements covering various sectors on Friday which include science and technology, innovation, work safety, education, trade, and environment.

More Than 30 Countries Awaiting Membership at China Investment Bank

More Than 30 Countries Awaiting Membership to China Investment Bank

Desiree Sison |

Mar 26, 2016 05:41 AM EDT

More than 30 countries are awaiting membership to the China-backed Asian Infrastructure Investment Bank (AIIB) in addition to the existing 57 founding members.

China's Economic Growth Hits Nearly 7% in 2015

Mars Woo |

Jan 17, 2016 01:58 AM EST

Despite weaker domestic and global demand, China's economy managed to grow almost 7 percent in 2015, supported by employment and household income, according to Chinese Premier Li Keqiang.

17 Countries Approve Establishment of China-Led AIIB

Mars Woo |

Dec 26, 2015 04:15 AM EST

A total of 17 countries have stamped their seal of approval on Friday for the official establishment of the Asian Infrastructure Investment Bank (AIIB), a China-led initiative that seeks to further provide infrastructure funding in the Asian region.

China's Own World Bank to Debut January Amid US' Doubts

Ryan General |

Dec 05, 2015 08:19 PM EST

The China-backed Asian Infrastructure Investment Bank (AIIB) is set to open in January and is planning to lend US$10 billion -$15 billion per year to start, Mr. Jin, the man in charge of the launch, said Thursday. This is amid concerns raised by the United States about whether or not the AIIB would have appropriately high criteria on governance and environmental and social precautions.

President Xi Won’t Use AIIB To Finance $46B China-Pakistan Economic Corridor

Vittorio Hernandez |

Apr 18, 2015 06:01 AM EDT

Although Chinese President Xi Jinping is bound for Pakistan next week to tackle the $46-billion Pakistan-China Economic Corridor, the money to fund the project would not come from the newly established Asian Infrastructure Development Bank.

World Bank Ready to Collaborate with China-Led AIIB

Marcel Woo |

Apr 08, 2015 02:18 AM EDT

Instead of considering the China-led Asia Infrastructure Investment Bank (AIIB) as a competitor, World Bank Group President Jim Yong Kim said he welcomes the AIIB and stressed that the WB is ready to collaborate with the new bank in fighting global poverty.

China-Led Bank Primed To Change World Economic Order With 50 Countries Poised to Join

Vittorio Hernandez |

Apr 02, 2015 11:39 AM EDT

As of Tuesday, the deadline for countries to join the China-led Asian Infrastructure Investment Bank (AIIB), 46 nations have enlisted. The high number of founding members is an indicator of the growing influence of Beijing in the international arena.

New Silk Road Trade To Top US$2.5 Trillion, Says Xi Jinping

Dino Lirios |

Mar 30, 2015 11:19 AM EDT

China's president Xi Jinping hopes China's annual trade with countries that are part of its plan to pave a modern Silk Road, the 'One Belt, One Road' initiative, would go beyond US$2.5 trillion in a span of 10 years.

Xi Jinping Offers To Spread Chinese Prosperity Across Asia

Vittorio Hernandez |

Mar 29, 2015 10:18 PM EDT

To convince Asians that the regional bank that it is setting up to the Asian Development Bank is the better alternative for the region, Chinese President Xi Jinping promised that China would spread the prosperity and cooperation across Asia.

Senior Chinese Official Urges U.S. to Join AIIB

Marcel Woo |

Mar 25, 2015 08:52 AM EDT

Instead of keeping on questioning the transparency and governance of the China-backed Asian Infrastructure Investment Bank (AIIB), the United States better join about 30 other countries as founding members of the bank.

Senior diplomat for east Asia David Russel

US Allies Back China-Led International Development Bank AIIB

Dino Lirios |

Mar 17, 2015 11:14 AM EDT

France, Germany and Italy follow in Britain's footsteps, joining the China-led international development bank, Asian Infrastructure Investment Bank (AIIB), say European officials, according to the Financial Times. The U.S. is upset about this for diplomatic reasons.

U.S. Losing Philippine Allegiance To China?

Kat De Guzman |

Nov 09, 2014 10:35 PM EST

Reports have surfaced that the United States might be losing the allegiance of ts longtime ally, the Philippines, to China as it has already signed up for the Asian Infrastructure Investment Bank (AIIB) last October 24 in a move that was dubbed as an unexpected development.