Canada to Join AIIB
Canada to Join AIIB

Canada to Join AIIB

Canada to Join AIIB

Canada will join China’s new $100 billion Asian Infrastructure Investment Bank, a major symbolic victory for President Xi Jinping just before he hosts the Group of 20 summit, Bloomberg reported. In applying for membership in the China-led development lender, Canada will become the first country in North America to join, Finance Minister Bill Morneau said Wednesday after a meeting with AIIB President Jin Liqun in Beijing. The bank welcomes Canada’s application for membership, Jin said. Canada’s entry leaves the US and Japan as the only Group of Seven holdouts, giving China another win as it establishes new channels for influence to match its ambitions.

Short URL : http://goo.gl/XYGEK3
  1. http://goo.gl/TcLzQN
  • http://goo.gl/lA1k3T
  • http://goo.gl/kVedBD
  • http://goo.gl/htk6eI
  • http://goo.gl/1QXFJZ

You can also read ...

Innovation, Technology Should Boost Hong Kong Economy
Innovation and technology will become profitable in Hong Kong...
Annual expansion in the second quarter fell to 4.5%.
Malaysia cut its full-year growth forecast and reported much...
Government data shows the number of jobs created in July fell to the lowest levels in over eight years.
South Korea’s ranking officials revealed a disparity in their...
Canada Inflation Surges
Canada’s inflation rate surged to 3% in July, fueled by rising...
Trade War Won’t Dent China GDP
Analysts are trying urgently to evaluate the potential impact...
As technological progress makes people richer in terms of many basic goods and services, it may be inevitable  that more human activity is devoted to zero-sum competition for available income and assets.
Across the global economy, the potential for automation seems...
Italy to Launch New Infrastructure Plan
The government will launch a plan aimed at making Italy’s...
Amazon to Challenge TiVo With Live TV Recorder
Amazon.com Inc. is developing a new device that records live...