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Economy

AIIB future rests on shedding Beijing influence

Bank to hold 2nd annual meeting in South Korea

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Asian Infrastructure Investment Bank President Jin Liqun says membership could grow to 85 or 90 within the year.   © Reuters

TOKYO -- The China-led Asian Infrastructure Investment Bank will hold its second annual general meeting between June 16-18 on South Korea's Jeju Island. The bank, which has stuck to careful driving in its first year, looks ready to gain speed in year two, supported by a steady increase in membership.

AIIB President Jin Liqun in May said he envisioned total membership rising to "85 to 90" by the end of the year. That is a significant increase from the 57 inaugural members of January 2016.

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