Finance: China on right path

In recent weeks, China’s grand plan to launch the Asian Infrastructure Investment Bank (AIIB) has captured global attention. The $100 billion (Sh9.3 trillion) multinational financial institution was conceptualised by Chinese President Xi Jinping and launched towards the end of last year.

China has been a leading country in the area of infrastructure for many years. The AIIB takes full advantage of Chinese experiences and its strong funding background to benefit the Asian region and investors. And because it will complement existing multilateral development institutions, this open and inclusive bank will benefit the world’s countries.