China applied for accession to the European Bank for Reconstruction and Development

Almaty. October 26. Silkroadnews - China has applied to join the European Bank for Reconstruction and Development, reported the newspaper "People's Daily".
The EBRD will also join the Chinese project "New Silk Road" (or "one belt and one way") and other investment projects to open new channels for delivery of cash, so there will be dock of markets of China and Europe, as well as the rest of the world.
EBRD confirmed that China has filed a formal application. The EBRD representative said that China's request will be submitted to the existing shareholders of the bank (including 64 developed and developing countries), the current process is in "early stage".
Cooperation with Asian Infrastructure Investment Bank and other Chinese banks allow the Bank to expand its business in Central Asia, the newspaper said.