Follow us on: |
Latest
China and the US will enter intense talks on Thursday to deal with security in northeast Asia and the Pacific.
November 8, 2017Comments Off on Will Trump-Xi talks be another ‘tremendous success’?Read More
The drills, titled "Exercise Sampriti", will be held in the northeastern border states of Meghalaya and Mizoram until Nov. 18.
November 6, 2017Comments Off on Bangladesh-India anti-terror drills beginRead More
Shanxi province, southwest of Beijing, is considering shifting the economy to technology and away from coal production.
November 6, 2017Comments Off on Beijing on orange alert for smogRead More
China and India lead the pack, but the replacement of Yellen as Fed chair will give EMs a significant boost.
November 5, 2017Comments Off on Emerging markets to be hot commodity in 2018?Read More
Starting a business in India is now faster, says the World Bank.
November 1, 2017Comments Off on India moves up to 100th spot in World Bank’s ease of doing business listRead More
© 2017 BRICS Media Limited. All rights reserved. Registered in England and Wales. No.8133697. Registered office: Devonshire House 60 Goswell Road London, EC1M 7AD
57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.