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Top 10 key economic words in 2016 | Updated: 2016-12-19 06:53
Top 10 key economic words in 2016

Chinese President Xi Jinping addresses the opening ceremony of the Asian Infrastructure Investment Bank (AIIB) in Beijing, capital of China, Jan 16, 2016. [Photo/Xinhua]


After three years in the making, the Asian Infrastructure Investment Bank (AIIB) officially opened for business on Jan 16, 2016.

President Xi called AIIB's launch a 'historical moment' while addressing the event in downtown Beijing and said the bank could increase Asia infrastructure investment effectively and promote regional interconnection and economic integration, which will have a positive effect on Asian and global economy.

Lou Jiwei was elected as the first chairman of the AIIB council. Jin Liqun was elected the first AIIB president.

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