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China officially joins European development bank

Xinhua, January 15, 2016 Adjust font size:

China officially became the 67th member of the European Bank for Reconstruction and Development (EBRD) after completing all formalities on Friday.

China's Foreign Minister Wang Yi and central bank governor Zhou Xiaochuan signed a series of legal documents in Beijing during EBRD President Suma Chakrabarti's China visit, according to a central bank statement.

The EBRD's existing shareholders agreed last month that China should become a member of the bank.

Established in 1991 and headquartered in London, the EBRD is one of the world's most important international financial institutions for development. It invests and operates in more than 30 countries. Endi