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Asian Infrastructure Investment Bank (AIIB)

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 Launches AIIB; Rebalances World Economy

China Launches AIIB to Rebalance World Economy

Desiree Sison |

Jan 17, 2016 08:00 AM EST

Chinese President Xi Jinping has launched the Asian Infrastructure Investment Bank (AIIB), an international development bank, at a lavish ceremony on Saturday in Beijing.

President Xi Attends Opening Ceremony of AIIB

Marlyn Culunge |

Jan 17, 2016 06:28 AM EST

President Xi Jinping was present at the official opening ceremony of the Asian Infrastructure Investment Bank (AIIB) at the Diaoyutai State Guesthouse, Beijing on Saturday. Xi, who addressed the gathering, said it was a historical moment.

IMF Breakthrough Seen to Highlight China-US Mutual Distrust

Carlos Castillo |

Jan 08, 2016 01:13 PM EST

The long-awaited US congressional approval of proposed changes in the governing structure of the International Monetary Fund (IMF) has brought to the forefront of the world stage a simmering rivalry between the China and the US, according to political analysts.

European Bank for Reconstruction and Development (EBRD), China

China is Set to Join European Bank for Infrastructure and Development

Kwao Peppeh |

Oct 26, 2015 05:55 AM EDT

China could be the newest member of the London-based European Bank for Reconstruction and Development (EBRD), according to a report by the Financial Times.

BRICS Bank Opens in China to Provide Loans for Developing Economies

Benjie Batanes |

Jul 21, 2015 12:21 PM EDT

Brazil, Russia, India, China, and South Africa (BRICS) have officially commissioned the New Development Bank (NDB) in Shanghai on Tuesday. The group said that the bank will primarily hand out loans to countries whose economies are still not yet fully developed and are in need of capital.

China Reveals Candidate for AIIB Presidency

Benjie Batanes |

Jul 07, 2015 10:30 AM EDT

The Chinese government announced on Monday that the secretary-general of Asian Infrastructure Investment Bank (AIIB) Jin Liqun is the formost candidate to fill the post of AIIB President.

Foreign Debt Expert Urges China to Consider Human Rights Issues When Extending Loans

Benjie Batanes |

Jul 07, 2015 06:00 AM EDT

A foreign debt expert urged China on Monday to not forget about the people's right when it extends loans and negotiate payment terms with the debtor countries.

Singaporean President Meets Top Chinese Leaders, Signs New Cooperative Deals on 25th Anniversary of China-Singapore Ties

Kwao Peppeh |

Jul 04, 2015 07:01 AM EDT

Singaporean President Tony Tan Keng Yam has reaffirmed the committment of his country to continue to strenghten ties with China when he met with Chinese leaders on Friday. Dr. Tan, who is on his first official visit to China, met with President Xi Jinping, Premier Li Keqiang and the chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) Yu Zhengsheng.

China to Support Europe's Economic Recovery: Premier Li

Kwao Peppeh |

Jun 30, 2015 06:53 AM EDT

Premier Li Keqiang has revealed that China is planning to support Europe's economic recovery by creating an investment platform with the European Union (EU). He made this revelation while speaking at the EU-China business summit in Brussels on Monday.

China, Asian Countries Create World Bank Rival

Kristina Fernandez |

Oct 25, 2014 12:55 AM EDT

China and delegates from 20 Asian countries met Friday in Beijing to create a development bank that is intended to help fund infrastructure projects in Asia and is set to rival Western-dominated multilateral lenders.