CHINA TOPIX

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.