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Economy

China urges ADB to back Belt and Road Initiative, AIIB

Japan pushes 'quality infrastructure' as US seeks 'environmental safeguards'

MANILA -- China on Saturday pressed the Asian Development Bank to expand its role in Beijing-led projects such as the Belt and Road Initiative and the Asian Infrastructure Investment Bank.

Outlining his proposals to accelerate regional growth, Chinese Deputy Finance Minister Yu Weiping said the bank must "keep up with the times" and bolster its lending activities, even to countries that have attained upper middle-income status.

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