Premier Li Keqiang said on March 23 that Beijing’s proposal to establish the Asian Infrastructure Investment Bank could complement existing development banks in the region with an open attitude to achieve a win-win result.

The AIIB is to facilitate regional interconnectivity and boost economy, Li said during a meeting with Takehiko Nakao, president of the Asian Development Bank, in Beijing.

Li pledged for deeper cooperation with ADB, saying that China is willing to see ADB play a bigger role in alleviating poverty and promoting development in the Asia Pacific area.

Takehiko Nakao, who is in Beijing to attend the China Development Forum, said the establishment of AIIB fits the need of regional economic development, and ADB is willing to cooperate with the new institution.

He also acknowledged China’s success in alleviating poverty, which he said will benefit the rest of the world.

Premier Li Keqiang meets with Takehiko Nakao, president of Asian Development Bank, in Beijing on March 23.[Photo by Feng Yongbin/China Daily]

Premier Li Keqiang meets with Takehiko Nakao, president of Asian Development Bank, in Beijing on March 23.[Photo by Feng Yongbin/China Daily]