Finally, Details About China’s Infrastructure Bank Emerge
And it’s not what the U.S. wants to see
Chinese President Xi Jinping, center, shows the way to guests who attended the signing ceremony of the Asian Infrastructure Investment Bank at the Great Hall of the People in Beijing. China, Oct. 24, 2014. AP Photo/Takaki Yajima
When China first tabled the idea of the Asian Infrastructure and Investment Bank (AIIB) in 2013, the entity didn’t even have a website.
Now it does have a website and after a series of secret meetings spanning six months, the public finally knows what China’s banking project is all about.
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
