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Economy

Xi vows to revamp AIIB as model for multilateral cooperation

Beijing-led lender's top executive reelected as only candidate

Chinese President Xi Jinping speaks via video link to the Asian Infrastructure Investment Bank's annual meeting on Tuesday. (Screenshot from the conference video/Kyodo)

SHANGHAI -- Chinese President Xi Jinping proposed on Tuesday to turn the Beijing-led Asian Infrastructure Investment Bank into an inclusive platform for the promotion of international cooperation amid the global fight against the coronavirus pandemic.

In a message delivered online to the annual board meeting of the AIIB, Xi said China will walk the talk on multilateralism.

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