Canada’s joining the Asian Infrastructure Investment Bank makes it the first country in the Americas to join the organization, the AIIB announced on Thursday.
AIIB’s Board of Governors adopted resolutions on Thursday approving bank membership for 13 applicants, bringing its total approved membership to 70. The 13 countries and regions will officially become members once they have completed any necessary domestic processes and deposited the first installment of capital with the bank.
This is the first time that the AIIB has welcomed new prospective members to the bank since its launch in January 2016.
“The AIIB is a multilateral financial institution founded to bring countries together to... Read more
President Xi Jinping and his Russian counterpart, Vladimir Putin, highlighted on Thursday the importance of ruling party exchanges amid the two sides' efforts to deepen comprehensive and strategic cooperation.
Both leaders sent congratulatory letters to the sixth meeting of the China-Russia ruling party dialogue mechanism and the fifth China-Russia political party forum held in the Russian city of Kazan.
In his letter, Xi said he and... Read more
Coordination of Belt and Road, Eurasian Economic Union boosts development outlook for both. Ren Qi reports from Vladivostok
This is the first installment of China Daily's special series on the Belt and Road Initiative.
At the Europlastic factory in Vladivostok, the largest city in the Russian Far East, local workers use Italian-built machinery to make plastic bottle caps out of raw materials imported from... Read more
American Airlines' reportedly seeking to acquire a stake in China Southern Airlines may be sparked by the world's largest airline wanting better access to the world's largest passenger market and industry competitive pressures, according to an analyst.
Bloomberg reported on Wednesday that according to people familiar with the matter, Fort Worth, Texas-based American is in advanced talks to invest about $200 million in the Hong... Read more