The Asian Infrastructure Investment Bank is now officially open for business. How important is the AIIB for China and the global economy?
China’s President, Xi Jinping, has called the opening of the Asian Infrastructure Investment Bank an historic moment.
The formal inauguration ceremony took place in Beijing on Saturday. The new international development bank has 57 member states and is expected to lend billions of dollars over the coming years.
CCTV’s Wang Tongxuan reports from Beijing.
The Heat: Asian Infrastructure Investment Bank officially opensThe Asian Infrastructure Investment Bank is now officially open for business. How important is the AIIB for China and the global economy?
The Heat was joined by the following guests to discuss:
- From New York is Victor Gao who is the Director of the China National Association of International Studies.
- From London is Duncan Innes-Ker who is regional director for Asia at The Economist Intelligence Unit.
- In the Washington, D.C. studios for CCTV America is Pieter Bottelier who is Senior Adjunct Professor of China Studies at Johns Hopkins University.
- From New Delhi is Samir Saran who is the Senior Fellow and Vice President at the Observer Research Foundation.