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China welcomes Denmark, Australia to AIIB
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CHINA'S Ministry of Finance today welcomed the decisions of Denmark and Australia to apply to join the Asian Infrastructure Investment Bank (AIIB).
Denmark filed its application letter yesterday, while Australia followed today, the ministry said in a statement.
Should all existing members approve the applications, Denmark will become a founding member of the AIIB on April 12 and Australia on April 13, according to the statement.
The AIIB, which will support infrastructure projects in Asia, is expected to be established by the end of this year.
The application deadline is March 31 and the founding members will be confirmed on April 15.
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