China’s Asian Infrastructure Investment Bank (AIIB), an initiative to support regional infrastructure development, officially launched January 17 when President Xi Jinping hosted opening ceremonies in Beijing. The bank will formally begin operations in the second quarter of 2016, and is expected to lend $10 billion to $15 billion per year of its $100 billion total authorized capital. Lending efforts will focus on energy, transportation, telecom, urban development, logistics, and ...
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