China and 20 other countries sign up to regional bank

China and 20 other countries sign up to regional bank
Beijing (AFP) Oct 24, 2014 - China and 20 other countries moved forward on Friday towards setting up an Asian infrastructure lender seen as a counterweight to Western-backed international development banks. The signatories put their names to a memorandum of understanding to establish the Asian Infrastructure Investment Bank (AIIB) at a ceremony in the Great Hall of the People in Beijing. The institution, whose devel ... morehttp://www.terradaily.com/reports/China_and_20_other_countries_sign_up_to_regional_bank_999.html