China-led development bank gets status boost with 13 new member states
The standing of the China-led Asian Infrastructure Investment Bank is set for another boost after 13 further applicants were granted membership. The accessions will bring the total roster of member countries to 70, and leave Japan and the U.S. as the only Group of Seven ...
Why Japan should reconsider joining the AIIB
Now that the Chinese-led bank has begun operations, Japan's concerns have largely been addressed.
A top adviser to U.S. President-elect Donald Trump lashed out at the Obama administration for failing to embrace the China-led Asian Infrastructure Investment Bank, suggesting a possible policy shift when Trump takes office in January. Hong Kong's South China Morning Post said that Trump's national ...
AIIB holdout Japan risks missing out on the infrastructure contracts it seeks
When Canada said in August it would join the Chinese-led Asian Infrastructure Investment Bank, all eyes turned to Japan and the U.S. Other members of the Group of Seven — Germany, France and Italy — followed suit after Britain ignored U.S. opposition and signed up. China ...
Canada will apply to join the China-backed Asian Infrastructure Investment Bank, Ottawa's finance department said Wednesday, in a coup for Beijing after Washington tried to dissuade its allies from signing up. "Canada is always looking for ways to create hope and opportunity for our middle ...
China touts AIIB's greater understanding of developing world
The China-led Asian Infrastructure Investment Bank (AIIB) will be different from institutions like the World Bank because it has a greater understanding of the developing world's needs, officials said Sunday at its first annual meeting. Chinese President Xi Jinping proposed the bank two years ago ...
The G-7 is a waste of time given the zero-sum game of geopolitics places self-interest over global recovery.
The European Bank for Reconstruction and Development has opened a new representative office in Tokyo to boost ties with Japanese firms and attract private-sector investment to regions it supports. "I do believe we can do a lot more together with our Japanese friends," EBRD President ...
Chinese President Xi Jinping on Saturday inaugurated the Asian Infrastructure Investment Bank, saying China will take more international responsibility with the birth of the new lender. "This is a historic moment," Xi said, adding that China wants to improve the investment environment and integration in ...
Japan's overreliance on America at times causes its diplomacy to act in a way seemingly at odds with its own interests.
Jin Liqun, president-designate of the new Asian Infrastructure Investment Bank, said Wednesday the doors will be kept open for the United States to join the China-led multilateral lender, even though China is not part of the U.S.-led Trans-Pacific Partnership trade pact. "China is interested in ...
China's AIIB to offer loans with fewer strings than World Bank: sources
China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance. The Asian Infrastructure Investment Bank (AIIB) will require projects to be legally transparent and protect ...
