Li Keqiang Calls on AIIB To Integrate Strategies with One Belt and One Road Initiative

Addressing the opening of the AIIB Saturday, Chinese Premier Li Keqiang called on the AIIB to integrate the China-proposed One Belt, One Road initiative with each country’s development strategies, promote international cooperation on production capacity and innovate more modes to realize a diverse and inclusive cooperation. Hailing Asia as “an engine” for the global economic growth, Li said the sustainable development of the Asian economy and regional economic integration rely on the infrastructure construction and connectivity, which would help facilitate the flow of trade, investment, personnel and information. The aim of China initiating the AIIB, Li said, was to widen financing channels, expand general needs and improve supply so as to bring along the common development in the region and promote world economic recovery with its own achievements.

Jin Liqun was elected the first president of the bank and Chinese Finance Minister Lou Jiwei was elected as the first chairman of the board.