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Backgrounder: The AIIB (2016/1/17 12:56:30)

The Asian Infrastructure Investment Bank (AIIB), a new development bank proposed by Chinese President Xi Jinping, started operation on Saturday, with a launch ceremony in Beijing.

The Export-Import Bank of China (China Exim Bank) made more loans last year to countries involved in the Belt and Road Initiative, an ambitious program proposed by China for local growth and regional cooperation.