China welcomes Indonesia to join AIIB

China applauded on Wednesday Indonesia’s announcement to join the AsianInfrastructure Investment Bank (AIIB).

“China welcomes Indonesia’s formal decision to join the AIIB as a founding member at anearly date,” said Chinese Foreign Ministry spokesman Hong Lei at a daily press briefing.

Hong’s comments came in response to a question regarding Indonesian Finance MinisterBambang Brodjonegoro’s remarks on Tuesday saying his country may decide to join the AIIBas early as next week.

Calling Indonesia an important economy in Asia, Hong said China has called for joint effortswith countries involved, including Indonesia, to promote early establishment of the AIIB whichwould serve as a multilateral platform for cooperation.

Twenty-first Asian countries that are willing to join the AIIB as founding members signed anMOU in Beijing on Oct 24, which specifies the authorized capital of the AIIB is $100 billionand the initial capital is expected to be around $50 billion.

As agreed, Beijing will be the host city for the AIIB’s headquarters.

The 21 countries are Bangladesh, Brunei, Cambodia, China, India, Kazakhstan, Kuwait, Laos,Malaysia, Mongolia, Myanmar, Nepal, Oman, Pakistan, the Philippines, Qatar, Singapore, SriLanka, Thailand, Uzbekistan and Vietnam.