Portugal applies to join China-led AIIB

Shanghai

PORTUGAL has applied to be a founding member of the Chinese-led Asian Infrastructure Investment Bank (AIIB), with the aim of promoting its business interests in Asia, the government said on Thursday.

More than 40 countries have applied to join the AIIB, with the United States and Japan as notable absentees. "Portugal's participation would create better conditions for Portuguese companies taking part in projects in the Asian region, where the country has been …