Why China’s Asian Infrastructure Investment Bank initiative should be welcomed

China's proposed Asian Infrastructure Investment Bank can help fill the vast unmet demand for infrastructure in Asia. Australia needs to get behind it.

East Asia Forum

In October 2013, just before the APEC meeting in Bali, Chinese president Xi Jinping announced the creation of the Asian Infrastructure Investment Bank (AIIB). The bank will be launched this year, possibly when APEC leaders meet in Beijing.

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