July 20, 2016

"Chinese Vice Premier Zhang Gaoli on Wednesday urged the New Development Bank (NDB) established by the BRICS nations to provide strong support to infrastructure improvement in developing countries.

While addressing the annual meeting of the bank's board of directors held in Shanghai, Zhang said he hopes the bank will strive to create new financing models and attract more capital into infrastructure.

Zhang expected the NDB to expand economic cooperation between the BRICS, propel integration of global industrial chains, supplement the current global and regional multilateral lenders, and facilitate sustainable development."

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http://news.xinhuanet.com/english/2016-07/21/c_135528156.htm