The China-backed Asian Infrastructure Investment Bank has grown to 102 member countries since it started operation four years ago. Photo: Xinhua

China-backed Asian Infrastructure Investment Bank won’t create ‘debt trap’ for borrowers, chief says

  • President Jin Liqun says the bank’s lending will help to cut the debt burden of borrowing countries, with membership having grown to 102 in four years
  • He also pledges transparency in bank operations and special efforts to address climate change by boosting green lending to support ‘low carbon’ development
Topic |   China economy

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The China-backed Asian Infrastructure Investment Bank has grown to 102 member countries since it started operation four years ago. Photo: Xinhua
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.