By Lou Jiwei

June 25, 2015

"The new multilateral development bank will adopt high standards to operate in a transparent and clean manner.

The Asian Infrastructure Investment Bank (AIIB) is an initiative announced by the Chinese leadership in October 2013. Since then, the initiative has been enthusiastically received by many countries in Asia and beyond and substantial progress has been achieved. The signing of the Articles of Agreement, an important milestone for the AIIB, is set to take place in Beijing, China in end of June. This will pave the way for officially inaugurating the bank by the end of 2015, so that it can commence operation soon afterward."

Read more:
http://www.chinadaily.com.cn/opinion/2015-06/25/content_21096801.htm

NISCSS does not necessarily share in or endorse the opinions of off-site commentators.