Home  Contact Us
  Follow Us On:
 
Search:
Advertising Advertising Free Newsletter Free E-Newsletter
NEWS

China says U.S. joining AIIB would be 'good'
Published on: 2016-11-16
Share to
User Rating: / 0
PoorBest 

030China on Tuesday said it would be "good" if the United States could join the Asian Infrastructure Investment Bank (AIIB).


Foreign Ministry spokesperson Geng Shuang made the comments in response to a question about whether China welcomes the United States to join the Beijing-based multilateral development bank.


U.S. President-elect Donald Trump's national security adviser, James Woolsey, called the Obama's administration's opposition to the formation of the AIIB "a strategic mistake" in a letter to the newspaper.


The AIIB aims to promote infrastructure construction in Asia and meet relevant investment demand. It is an open and inclusive multilateral development institution, Geng said.


"It would be a good thing if the United States, the world's largest economy, were to join the AIIB. We have held this attitude since the very beginning," he noted.


The China-initiated AIIB, formally established on Dec. 25, 2015, started operations in January this year. It now has 57 members and authorized capital amounting to 100 billion U.S. dollars.


Geng added that, nevertheless, the AIIB is an independent multilateral institution with its own rules and procedures about new membership approval.

Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2024 BusinessTianjin.com. All rights reserved.