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OPENING NEW CHAPTER FOR CHINA-BRITAIN RELATIONS

As this year marks the 40th anniversary of bilateral relations, China is willing to work with Thailand to enhance cooperation in railway, agricultural produce trade, law-enforcement, security and defense, according to Zhang.

The AIIB prospective founding members are working on the specific operation guidelines in accordance with the agreement. The relationship between the AIIB and existing multilateral development banks is a cooperative and complementary one. The AIIB will engage in cooperation with them in terms of sharing expertise, capacity building and joint financing.

The expansion will give more financing options to Suzhou and Tianjin companies and provide financial institutions and investors in Singapore additional avenues to deploy their growing RMB liquidity in Singapore.

Progress made with the Trans-Pacific Partnership and difficulties in moving forward the Transatlantic Trade & Investment Partnership could lead the British and other European economies to look to the East even more, said Ramon Racheco Pardo, senior lecturer at King's College London and co-director of the London Asia Pacific Center for Social Science.