China's Xi announces new development bank at Tianjin summit | NYGazet

Chinese President Xi Jinping has announced plans to accelerate the creation of a development bank and set up an international energy cooperation platform.

TIANJIN, China (AP) — China plans to accelerate the creation of a development bank and set up an international platform for energy cooperation, Chinese President Xi Jinping announced Monday at a summit that represents an emerging challenge to U.S. gl... [5040 chars]