Lou Jiwei
China Removes Pro-Reform Finance Minister Lou Jiwei
| Girish Shetti | | Nov 07, 2016 04:58 PM EST |
In a surprise move, China removed its pro-reform finance minister Lou Jiwei on Monday. The surprise decision comes at a critical time when Beijing is desperately trying to overcome a prolonged slowdown in its economy.
Chinese Finance Minister Takes aim at Donald Trump
| Rina S. | | Apr 17, 2016 03:43 PM EDT |
United States presidential aspirant Donald Trump may have a legion of followers, but China's Finance Minister Lou Jiwei is none too impressed.
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.
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.
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