China's AIIB Weighs Opening Abu Dhabi Office

China’s Asian Infrastructure Investment Bank (AIIB) is weighing opening a foreign office in Abu Dhabi as it struggles to get around Covid-related curbs at home, the Wall Street Journal reported.

AIIB staff, who have been stuck in China for the past two years while Beijing’s stringent pandemic rules restricted travel, were unable to monitor foreign projects funded by the bank or collect details of potential ventures, the report said. That made a case for opening offices in countries with a more lenient Covid containment policy.

Read the full report: The Wall Street Journal.

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Tags: Infrastructure Spending

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.