It's been confirmed that France will join the Beijing-led Asian
Infrastructure Investment Bank, or AIIB. And reports indicate it is set to
expand further, with Germany and Italy said to be applying for membership
as well.
Rumors of the three potential European members of the AIIB were first
revealed by British newspaper The Financial Times, but France's finance
ministry is the only one to confirm the news so far.
Chinese foreign ministry spokesman Hong Lei says China welcomes
applications from any countries that want to join this financial platform.
"AIIB is an open and inclusive multilateral investment organization. The
participation of countries outside the region shows that AIIB has a broad
representation. China is willing to exert joint efforts with other
parties, to make AIIB a professional and efficient investment platform for
infrastructure construction with mutual benefits."
The President of the European Union Parliament, Martin Schulz, says that
he agrees with EU countries joining the China-backed, 50-billion-U.S.-
dollar bank.
"First answer: I find it good that they join. The second answer: if more
member states would join I would find it even better. There is one
additional element. Such new organizations must answer to the requirements
of international standards. That's one important element."
The comment was made at a news conference in Beijing on Tuesday after
Schulz met with top Chinese leadership on Monday.
Meanwhile, the Australian government has also suggested it may be
interested in being involved in the China proposed AIIB, which marks a
conspicuous U-turn from the cabinet's previous stance.
In addition, South Korea, Switzerland and Luxembourg have reportedly been
pondering whether to join the new international initiative.
Up till now, nearly 30 countries have confirmed their participation in the
AIIB, which is aimed at helping to finance infrastructure projects across
Asia and is expected to come into being later this year.
The official deadline to apply is the end of this month. However, as the
application needs to be discussed by the current founding members, today
is actually the last day for any country to send out their application.
For more on this issue, CRI's Zhao Yang earlier spoke with Jean-Marc F.
Blanchard, Director of the Center for the Study of Multinational
Corporations at Jiaotong University in Shanghai.
Back anchor: Jean-Marc F. Blanchard, Director of the Center for the Study
of Multinational Corporations at Jiaotong University in Shanghai.