Subscribe To China Now

strategy

Chinese Visitor Insight online tools available

Webinars and online modules are now available to help tourism operators meet the needs ...

read more
View all in strategy

finance

Understanding Legal Proceedings in China

For foreign investors running businesses in China, it is very likely that they would ...

read more
View all in finance

profile

New Zealand King Salmon joins forces with PCNZ to undertake supply...

Primary Collaboration New Zealand (Shanghai) Co Ltd (PCNZ) has signed a deal with Top ...

read more
View all in profile

commentary

"Chengdu Can Du ?" Innovation and start-up environment and...

As with other tier 1 and 1.5 cities, Chengdu is investing heavily into innovation and ...

read more
View all in commentary

general

Mandarin language assistants welcomed

Forty eight Mandarin Language Assistants were officially welcomed to New Zealand ...

read more
View all in general

NZ signs up to Asian Infrastructure Investment Bank

Profile

New Zealand has formally become a founding member of the Asian Infrastructure Investment Bank at a signing ceremony in Beijing on 29 June 2015, Finance Minister Bill English says.

The Bank is a China-led initiative which is being established to address a gap in new infrastructure across Asia.

“New Zealand actively participated early in the negotiations. Our aim was to push for a well-run, transparent and broad-based multilateral institution. The 50 countries who signed today is testament to the final result,” Mr English says.

“We have strong economic, trade and investment links with Asia. Raising the economic potential across the region is very much in the interests of all New Zealanders.”

The Bank is expected to begin operations before the end of the year.

Alongside counterparts from Switzerland and South Korea, Minister English was one of three Ministers invited to address the meeting of Ministers of Finance and the Chinese President at the signing ceremony.