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China will invest in the creation of the Asian Bank for Infrastructure Investments
At a meeting of representatives of the Asian Development Bank member countries, Chinese Finance Minister Lou Jiwei proposed creating an Asian Infrastructure Investment Bank with a capital of $ 50 billion. China is ready to contribute the bulk of the capital, Bloomberg reports. ...
Such a step will help strengthen the position of China in the region before the summit on security in the Asian region, which will be held in China this month with the participation of Russian President Vladimir Putin.
“China wants to play a major role in such international organizations. The best way to do this is to found an international organization yourself, ”said Oliver Rui, professor at the China-Europe International Business School. In addition, it is a way to balance the United States and Japan, which have a total of 26% of the votes in the existing ADB (China accounts for 5,47%).