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Xi said the goal of the Fund is to "break the bottleneck in Asian connectivity by building a financing platform."
The drop in prices is a boon to some emerging countries like China and India.
India’s BRICS partners Brazil and South Africa allow 100% FDI in insurance, Russia 49% and China 50%.
The new leadership in China and Mexico, Presidents Xi Jinping and Enrique Peña Nieto have signaled their intention to reset relations.
The new leadership has repeatedly said it would accept slower growth as it tries to restructure the economy.
The EU asked the WTO to establish a panel to look into possible unfair taxes imposed by Brazil on foreign-made cars.
China's policymakers need to step up fiscal spending and targeted quantitative easing in the coming months, says HSBC.
The move is a sign that reelected President Dilma Rousseff will be more market-friendly, say analysts.
An IMF official said where the money goes now will have a huge impact on the emerging markets.
