China’s president Xi Jinping: the bank is a key part of his  efforts to boost China’s influence, called “peripheral diplomacy”, and redress  China’s poor levels of representation on international bodies such as the World Bank and ADB.  Photograph: SeongJoon Cho/Bloomberg

Last week saw the official signing ceremony in Beijing of the Asian Infrastructure Investment Bank, a China-led international financial institution th(...)

Delegates attend the opening of the Chinese People’s Political Consultative Conference at the Great Hall of the People in Beijing. Photograph: Tomohiro Ohsumi/Bloomberg

Delegates gathered in the Great Hall of the People in Beijing yesterday for the National People’s Congress listened to the Communist Party’s plans f(...)

Zhang Dejiang, chairman of the National People’s Congress (NPC), is seen on a monitor broadcasting coverage of the opening session of the NPC in the Causeway Bay district of Hong Kong, China. Chinese stocks listed in Hong Kong fell to a three-week low as the national legislature began its annual meeting and concern mounted that the country may be facing its first onshore corporate bond default.  photograph: brent lewin/bloomberg

The Chinese government set an economic growth target for the year of 7.5 per cent at the country’s annual parliament last week, and since then (...)

So just what is happening with the Chinese economy? Are the bulls or the bears right?The bears have been much in evidence in the past few months, as e(...)

Indian prime minister Manmohan Singh, Chinese president Xi Jinping, South African president Jacob Zuma, Brazilian president Dilma Rousseff and Russian president Vladimir Putin pose during the fifth Brics Summit in Durban. Photograph Rogan Ward/Reuters

China and Brazil have agreed to establish a currency swap line worth around $30 billion (€23.5bn) in their respective currencies, which they sa(...)