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Economy

AIIB receives wide recognition in India

February 18, 2019


Abstract : China-based Asian Infrastructure Investment Bank (AIIB) is widely recognized and welcomed in India, said AIIB president Jin Liqun in an interview with Xinhua recently.

BEIJING, Feb. 18 (Xinhua) -- China-based Asian Infrastructure Investment Bank (AIIB) is widely recognized and welcomed in India, said AIIB president Jin Liqun in an interview with Xinhua recently.

India has played an important role in the AIIB as the second largest shareholder after China, and AIIB's vice president in charge of investing is Indian, the AIIB president stated.

Jin told Xinhua that India is interested in China's development experience and hopes to strengthen infrastructure construction in  major areas such as transportation, energy, water supply and urban construction.

AIIB last month issued a report on infrastructure financing trends in eight countries including China, India and Russia. The report emphasies that cross-border infrastructure including links that promote trade, market integration and the distribution of green energy are necessary during times of market instability and declining economic growth.

 AIIB held its third annual meeting in India last year. Judging from the reports of  Indian media, AIIB has effectively promoted the understanding and cooperation between the Chinese and Indian peoples. China and India are neighboring countries with the great potential for cooperation. It is important that China and India maintain a good partnership, Jin added. (Edited by Bao Nuomin, baonuomin@xinhua.org)

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Keyword: AIIB China-India

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