Canada to Join China’s Version of the World Bank
Among other things discussed during Prime Minister Justin Trudeau’s visit to China this week is Canada having applied to join China’s version of the World Bank, the Asian Infrastructure Investment Bank which already has 57 countries as members and is looking for another 30. Included in the list of member countries is England, France, Germany, Australia and South Korea, with the US notably absent.
Why would Canada want to join the China-led bank? It could help to foster the relationship between the two countries following the tepid relationship former Prime Minister Stephen Harper maintained with China – Canada’s second-largest single trading partner.
Read the original article by Jane Perlez, published in The New York Times, August 31 2016.
Feature image via Lintao Zhang/Getty Images: Canadian Prime Minister Justin Trudeau and China Premier Li Keqiang
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