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Added on the 30/03/2015 09:52:51 - Copyright : Reuters EN
The Asian Infrastructure Investment Bank, an international financial institution proposed by China, is largely seen as China’s answer to the International Monetary Fund, the World Bank and the Japanese-dominated Asian Development Bank.
European nations and Australia are lining up to join a China-led project for a new infrastructure bank in Asia, defying U.S. objections to the 50-billion dollar plan. Tara Joseph reports.
Speaking at the UN General Assembly, President Joe Biden says the US does not seek a "Cold War" or "conflict" with China, adding, "we do not ask any nations to choose between the United States or any other partner." SOUNDBITE
China's UN ambassador tells an emergency meeting of the world body's General Assembly that "nothing can be gained" from a new Cold War between America and Russia. SOUNDBITE
Shanghai, Sep 29 (EFE/EPA).- Chinese real estate giant Evergrande on Wednesday announced it would sell a 19.93 percent stake in commercial Shengjing Bank to a state-owned conglomerate for 9.99 billion yuan ($1.55 billion).After the transaction, its stake in Shengjing Bank will drop from 34.5 percent to 14.57 percent, Evergrande said in a statement sent to the Hong Kong Stock Exchange.Evergrande will transfer 1.75 billion non-publicly traded domestic shares to the buyer at a unit price of 5.7 yuan. (Camera: ARCHIVE). ARCHIVE FOOTAGE OF THE EVERGRANDE CENTER IN SHANGHAI, CHINA.
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