USEUROPEAFRICAASIA 中文双语Français
Home / Business

Reports on AIIB veto right denied

By Zheng Yangpeng | China Daily | Updated: 2015-03-26 07:36

China on Wednesday denied reports that it had given up the veto power in the Asian Infrastructure Investment Bank, saying it is premature to discuss the matter.

"Participant countries are still negotiating the articles of the association ... as the number of participants grows, it is natural that every country's share in the organization will decline. It is pointless to discuss the issue before the articles have been formulated," Shi Yaobin, vice-minister of finance, said in a written question-and-answer format published on the ministry's website.

Citing anonymous insiders, The Wall Street Journal on Tuesday reported that Chinese negotiators persuaded key European countries to break with Washington and line up as founding members of the new bank by promising to relinquish China's veto power.

Reports on AIIB veto right denied

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US