AIIB highlights China's global ambitions

China's first multilateral development bank is targeting financially, environmentally and socially viable projects, its president says.

AIIB highlights China's global ambitions
Jin Liqun, president of AIIB, at the World Economic Forum in Tianjin

China’s first multilateral development bank will only fund financially, environmentally, and socially viable projects, its president Jin Liqun said at the World Economic Forum on Wednesday.

“Any project that would be good for Asia, whether in or outside of Asia, would be good for the bank,” said Jin, head of the Beijing-based Asian Infrastructure Investment Bank.

Officially launched last December, the China-backed AIIB, arguably the country’s biggest success in...

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