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NewsChina-led bank

China-led bank News

22 Mar 2015

How Europe and U.S. stumbled into spat over China-led bank

Historians may record March 2015 as the moment when China`s chequebook diplomacy came of age, giving the world`s number two economy a greater role in shaping global economic governance at the expense of the United States and the international financial institutions it has dominated since World War Two.

21 Mar 2015

Switzerland, Luxembourg plan to join China-led development bank

Switzerland and Luxembourg are planning to join the Beijing-backed development bank AIIB, China`s finance ministry said, the latest European nations to sign up to the multilateral lender which has drawn scepticism from the United States.

19 Mar 2015

Global push aims to change China''s mind on bank rules: US official

The United States has joined forces with Japan and the European Union to pressure China on new bank cybersecurity rules that have upset foreign companies, a senior U.S. official said on Wednesday.

18 Mar 2015

US urges allies to think twice before joining China-led bank

The United States has urged countries to think twice before signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying they would join.

European allies

17 Mar 2015

Defying US, European allies say they'll join China-led bank

The concerted move to participate in Beijing`s flagship economic outreach project was a diplomatic blow for the United States, reflecting European eagerness to partner with China`s fast-growing economy, the second largest in the world.

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