China to have `veto power` over infrastructure bank: Report
According to the bank`s articles of incorporation, China is providing nearly $30 billion of the institution`s $100 billion capital base, giving Beijing between 25 to 30 percent of total votes, it said.
Jun 09, 2015, 10:15 AM IST
How China is upsetting the old global economic order
With its huge new infrastructure bank and its ambitions for a globalized renminbi currency, China is leading the upending of a 70-year-old global order built on American economic power.
Apr 19, 2015, 07:23 AM IST
New bank to enhance international finance system: China
China's proposed infrastructure bank for Asia is intended to complement and not replace existing lenders dominated by the US and Japan, a senior Chinese official said yesterday.
Apr 19, 2015, 02:03 AM IST
OECD chief welcomes European participation in China-backed bank
The head of the OECD on Friday welcomed major European countries` participation in a new China-backed infrastructure bank, saying it would ensure the institution was run under existing global standards.
Mar 20, 2015, 13:36 PM IST
