The three European countries' participation in the Asian Infrastructure Investment Bank follows Britain's announcement last week of its intention to be part of it, becoming the first Group of Seven member country to back the initiative of Chinese President Xi Jinping.
China's Finance Ministry said in a statement that France, Germany and Italy will each submit written confirmation to Beijing in the near future.
[kyodonews.jp]
17-18/3/15
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Related:
Asian Infrastructure Investment Bank: US childish paranoia only weakens ties with China.
UK support for China-backed Asia bank prompts US concern...
FT: France, Germany and Italy to Join China-backed Bank ...
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U.S. isolated in Asia-Pacific as allies line up to join China-led AIIB...
ReplyDeleteU.S. resistance to a Chinese-led Asian regional bank has left it isolated among its Asian and European allies and given some heft to China’s frequent complaints that Washington wants to contain its rise as a world power.
South Korea, one of America’s closest friends in Asia, announced Thursday it will join the Asian Infrastructure Investment Bank, or AIIB, which is intended to help finance construction of roads and other infrastructure. Beijing has pledged to put up most of the initial $50 billion in capital for the bank, which is expected to be set up by year’s end.
The U.S. has expressed concern the new bank will allow looser lending standards for the environment, labor rights and financial transparency, undercutting the World Bank, where the U.S. has the most clout, and the Asian Development Bank, where it is the second-largest shareholder after Japan.
But since Britain broke with Washington two weeks ago and announced it was signing up for the AIIB, the floodgates have opened. France, Germany, Italy and Switzerland quickly followed. On Wednesday, Prime Minister Tony Abbott heavily hinted Australia would also join...................http://www.japantimes.co.jp/news/2015/03/27/asia-pacific/politics-diplomacy-asia-pacific/u-s-isolated-in-asia-pacific-as-allies-line-up-to-join-china-led-aiib/#.VRUgV44YE9Q
27/3/15
Russia has made a decision to join the Asian Infrastructure Investment Bank, First Deputy Prime Minister Igor Shuvalov said at the opening of the Asian Economic Forum in Boao...
ReplyDelete"I would like to inform you that Russian President Vladimir Putin has made a decision on Russia’s participation in the capital of the Asian Infrastructure Investment Bank," he said.
http://tass.ru/en/economy/785562
28/3/15