US could join China-backed AIIB in wake of Trump win, bank chief says

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AIIB president Jin Liqun says the lender cannot rule out US interest in joining the China-backed bank. Photo: Xinhua

 

Jin Liqun says some of Trump’s advisers think Washington was wrong to oppose the new regional lender

The United States might reverse course and partner with the China-backed Asian Infrastructure Investment Bank after Donald Trump’s inauguration as US president, the head of the lender signalled on Monday.

AIIB chief Jin Liqun said he understood some Trump advisers thought the US was wrong not to join the new regional lender, Communist Party mouthpiece People’s Daily reported ­on Monday.

“I have heard a certain senior official of President Barack Obama speak good of the AIIB and after Donald Trump won, I was told that many in his team have an opinion that Obama was not right not to join the AIIB, especially after Canada joined, which was a very loud endorsement of the bank,” Jin was quoted as ­saying.

“So we can’t rule out the new government in [the] US endorsing the AIIB or indicating interest to join.”

Jin’s comments came after one of Trump’s senior advisers hinted at a possible shift in the US attitude towards the AIIB, which had been seen as a threat to US dominance of the global economic order.

In an opinion piece in the South China Morning Post on ­Friday, Trump national security adviser James Woolsey said “it is widely accepted in Washington today that the Obama administration’s opposition to the formation of the AIIB was a strategic mistake and I hope the next administration’s response to the [‘One Belt, One Road’ initiative] will be much warmer”.

Full article: US could join China-backed AIIB in wake of Trump win, bank chief says (South China Morning Post)

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