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28 March, 2015

Another Chinese checkmate: S. Korea joins AIIB!

China's Ministry of Finance said on Friday that the country welcomed the decision by South Korea to join the Asian Infrastructure Investment Bank (AIIB). South Korea will become a prospective founding member on April 11 if other members approve, according to a statement on the ministry's website.”

South Korea on Friday announced its application to join the bank as a prospective founding member and submitted its candidacy to China.”

The AIIB will be an international financial institution providing support to infrastructure projects in Asia, and is expected to be established by the end of this year. The application deadline is March 31. Britain, France, Germany, Italy and Luxembourg have previously applied.”

1 comment:

  1. The East is rising while the West is descending into a super cycle debt collapse. Expect the West to strike out with more violence in desperation against these titanic cyclical trends.

    Will the US with its EU vassals destroy the world to hold on to their dreams of hegemony?