Germany backs China’s aid bank despite Canada’s concerns ...Middle East

Germany said it will continue supporting a Chinese state-backed development bank despite G7 partner Canada’s decision to freeze ties due to Beijing’s influence. After meeting China’s Vice-Premier He Lifeng in Frankfurt on Sunday, German Finance Minister Christian Lindner pledged to support the Beijing-based Asia Infrastructure Investment Bank (AIIB), the world’s second-largest multilateral development bank, after the World Bank. The backing comes at a crucial time as Lindner’s Canadian counterpart, Chrystia Freeland, announced in June that all ties with the bank were to be frozen pending a government review over claims made by a former Canadian top executive at the bank, who reported wides

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