China touts new bank's greater understanding of developing world

By Ben Blanchard
Updated June 26 2016 - 7:18pm, first published 6:36pm
Chinese President Xi Jinping (right) greets Russian President Vladimir Putin to discuss more economic and military co-operation between the two countries. Photo: Pool
Chinese President Xi Jinping (right) greets Russian President Vladimir Putin to discuss more economic and military co-operation between the two countries. Photo: Pool

The China-led Asian Infrastructure Investment Bank (AIIB) will be different from institutions like the World Bank because it has a greater understanding of the developing world's needs, officials said on Sunday at its first annual meeting.

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