Q: On March 12, the UK officially applied to join the Asian Infrastructure Investment Bank (AIIB) as a prospective member. A spokesperson of the White House National Security Council responded that any new multilateral institution should incorporate high standards of the World Bank and regional development banks, and hoped that the UK will use its voice to push for AIIB's adoption of high standards. There are also reports saying that the US is persuading other countries not to join the AIIB. How does China comment on this?
A: On March 12, the UK submitted to China the confirmation letter of joining the AIIB as a prospective member and officially applied to participate in the AIIB. China welcomes UK's decision.
The AIIB will design its governance structure and operation policy following the principles of openness, inclusiveness, transparency, responsibility and fairness. It will learn from the good practices of the existing multilateral development banks, and meanwhile avoid the alike problems they have encountered to reduce the cost and operate more effectively. The AIIB will cooperate with and complement the existing multilateral development banks, better serve its member states and support the infrastructure building and economic development in Asia. This will also help relevant countries to benefit more from Asia, a region brimming with development vitality and potentials. Everyone is welcome to join us in this undertaking which is beneficial to all.
Q: How important is it to China that the UK joins the AIIB as an important western economy?
A: As I have said, we welcome UK's decision. As the chairman of the chief negotiators' meeting on the establishment of the AIIB, China is heeding opinions from the prospective members in accordance with multilateral procedures. If everything goes well, the UK will officially become a prospective member of the AIIB at the end of March, and its participation fully proves the openness and inclusiveness of the AIIB. The early establishment and operation of the AIIB will boost the infrastructure building in Asia, elevate Asia's economic development level and further advance the common development of Asian countries.