| Apr 15, 2015

Is China-led bank a lost opportunity?

by Atsushi Kodera

China’s proposed Asian Infrastructure Investment Bank is causing a stir as the majority of Group of 20 leading economies sign on as founding members, while the U.S. and Japan remain on the sidelines. This outcome for a Chinese initiative that challenges the U.S.-led global ...

Apr 15, 2015

Norway among 57 founding members of new China-led bank

A total of 57 countries have been approved as founding members of the Asian Infrastructure Investment Bank, China, which proposed the initiative, said Wednesday, including Norway, despite relations being in a diplomatic deep freeze since a Chinese dissident won the Nobel Peace Prize. No ...

Mar 26, 2015

China denies seeking veto power in new multilateral bank

China has not sought veto power over a new multilateral bank, a top finance ministry official said Wednesday, after a report Beijing enticed major European countries to join by offering to give up control over decisions. Britain, Germany, France and Italy have in the ...

ADB president eyes joint funding in projects with AIIB

Mar 25, 2015

ADB president eyes joint funding in projects with AIIB

Asian Development Bank President Takehiko Nakao said Wednesday that jointly funding projects with a planned Chinese-led Asian development bank is one way to form a “complementary relationship.” “We’ll cooperate if it’s formally launched,” Nakao said at a news conference in Tokyo. “It’s impossible to ...