Article source
Wall Street Journal
Article date
Tue, Aug 30, 2016
BEIJING—Canada on Wednesday became the first North American country to seek membership in the China-backed Asian Infrastructure Investment Bank.
Canada’s application followed Prime Minister Justin Trudeau’s Wednesday meeting with Chinese Premier Li Keqiang. It also comes just ahead of a meeting of the Group of 20 major economies in Hangzhou this weekend.
“The decision of Canada to apply to join AIIB is very welcome and shows its confidence in the strong foundations the bank has built in our first few months,” said Jin Liqun, the president of the AIIB and a former official at China’s Finance Ministry. Read more