China announces formal creation of Asian infrastructure bank

File photo taken in June 2015 in Beijing shows representatives from the founding countries of the China-led Asian Infrastructure Investment Bank posing for commemorative photos during a signing ceremony for its establishment pact. The institution was formally established on Dec. 25, 2015, China said. (Kyodo) ==Kyodo

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2015/12/25 20:31:11

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China, N. Korea sign pact for investment in Wonsan

Oh Eung Gil (3rd from L), president of North Korea's Wonsan District Development General Corporation of the Ministry of External Economic Affairs, and others pose for a group photo in China's Shenyang city on March 20, 2015, after a signing ceremony for Chinese investment in Wonsan, which is on North Korea's western coast. (Kyodo) ==Kyodo