EBRD Chinese membership approved

EBRD Chinese membership: The European Bank for Reconstruction and Development (EBRD) has accepted China as one of its shareholders,  the bank said in a statement on Monday in a move that will give Beijing a token but symbolic 0.1%  stake and  new way of extending its global influence. 
It also gives Beijing another foothold in an international organisation and takes the number of EBRD shareholder countries to 65.
“China’s membership of the EBRD will open up significant further opportunities for sustainable investment by Chinese groups in the regions where the EBRD works,” EBRD President  Suma Chakrabarti was quoted  as saying.

Source: reuters