Wednesday, January 20, 2016

Launched Asian Infrastructure Investment Bank



China-backed Asian Infrastructure Investment Bank (AIIB), in which India and 56 countries have joined as founding members, was formally opened here today by Chinese President Xi Jinping on 16 january 2016.57 countries have joined as founding members, while the US and Japan have stayed out. Chinese Premier Li Keqiang will address the founding conference of the AIIB council.

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