AIIB readies emergency loan to China

Rebecca Feng

April 07, 2020 08:45 am

AIIB_Beijing_building_PA_230X150_07Apr20 — (180302) -- BEIJING, March 2, 2018 (Xinhua) -- Photo taken on March 31, 2017 shows the headquarters of the Asian Infrastructure Investment Bank (AIIB) in Beijing, capital of China. With China geared up for the annual meetings of its top legislative and political advisory bodies, the global spotlight is on Beijing searching for clues on how the world heavyweight will play on the international stage after the significant "Two Sessions." In a world beset with grave challenges in development, governance and security, leaders and observers worldwide say that guided by Chinese President Xi Jinping's thought on diplomacy, China will continue to serve as an anchor of certainty and a spring of inspiration. (Xinhua/Wu Kaixiang) (wyo) | Wu Kaixiang/Xinhua News Agency/PA Images

The Asian Infrastructure Investment Bank (AIIB) has approved a Rmb2.485bn ($355m) emergency loan to China. It will be used to upgrade public health infrastructure in Beijing and Chongqing and provide emergency equipment and supplies to the two cities.

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Rebecca Feng