Top legislature ratifies BRICS bank deal
By Xinhua | China Daily | Updated: 2015-07-02 07:52
China's top legislature ratified an agreement on the founding of the BRICS New Development Bank, which will fund infrastructure projects in the region and other developing economies, on Wednesday.
The approval was given at the bimonthly-session of the National People's Congress Standing Committee.
The agreement was signed by the bloc's five members - Brazil, Russia, India, China and South Africa - on July 15, 2014 during the sixth BRICS summit.
Photo
