The People's Daily, June 30, 2015
The People's Daily, the official newspaper of the Chinese Communist Party,featured on its front page today a large photograph of the representatives of 50 countries that signed an agreement Monday for the China-led Asian Infrastructure Investment Bank (AIIB) at the Great Hall of the People in Beijing.
The finalizing of the AIIB, which could be fully established by the end of 2015, is a major step in China's global ambitions, as it is regarded as a potential IMF rival. China, India and Russia are the biggest shareholders in the bank, while the U.S. and Japan still refuse to join it even after several top European countries signed on.
ABOUT THE SOURCE: People's Daily is a state-run newspaper in China founded in 1948, which today is published worldwide with a combined circulation of more than three million.