Nearly a month after Canada announced it would pause all activity at the Asian Infrastructure Investment Bank (AIIB) while launching an investigation, Canada still remains invested in the Beijing-founded institution. On June 14, Ottawa announced it would cease all activity at the AIIB while it investigated allegations made by its former global communications director, Bob…
EXPLAINER: What Is Canada’s Involvement in the Beijing-Backed Asian Infrastructure Investment Bank?
MPs Question Finance Officials on Ottawa’s Activities With Asian Infrastructure Bank
June 22, 2023
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aiibAsian Infrastructure Investment BankBob PickardCanadaChina NewsChinese RegimeChrystia FreelandGarnett GenuisWorld
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Officials from the Department of Finance declined to answer questions from MPs this week while appearing before a House of Commons committee studying the federal government’s recent suspension of activity with the Asian Infrastructure Investment Bank (AIIB). James Wu, director general of the finance department’s funds management division, and Kathleen Wrye, director of the department’s financial…
Conservatives Again Call for AIIB Withdrawal
The Conservatives have renewed their call for Canada to pull out of the Asian Infrastructure Investment Bank (AIIB). During Question Period in the House of Commons on June 16, Conservative MP Michael Chong said the June 14 resignation of AIIB executive Bob Pickard, a Canadian, shows the bank is dominated by the Chinese Communist Party. “The…
Canadian AIIB Executive’s Resignation Reveals CCP’s Manipulation of Investment Bank, Spread of Toxic Marxist Culture
June 18, 2023
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aiibAsia & PacificBRICanadaCanadianChina Business & EconomyChina NewsChinese RegimeFinance & Business TiesGlobal ExpansionInfiltrating the WestInternational RelationsPickardSpecial TopicsWorld
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A Canadian executive of the Asian Infrastructure Investment Bank (AIIB) resigned on June 14 while accusing the Chinese communist regime of manipulating AIIB and creating a toxic culture. Experts pointed out that the incident has again revealed China’s ruling Communist Party’s (CCP) infiltration in international financial organizations, which should serve as another warning to the…
CCP Manipulates AIIB and Spreads Toxic Culture of Marxism: Former Executive
June 18, 2023
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aiibAsia & PacificBRICanadaCanadianChina Business & EconomyChina NewsChinese RegimeFinance & Business TiesGlobal ExpansionInfiltrating the WestInternational RelationsPickardSpecial TopicsWorld
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A Canadian executive of the Asian Infrastructure Investment Bank (AIIB) resigned on June 14 while accusing the Chinese communist regime of manipulating AIIB and creating a toxic culture. Experts pointed out that the incident has again revealed China’s ruling Communist Party’s (CCP) infiltration in international financial organizations, which should serve as another warning to the…
CCP Manipulates AIIB and Spreads Toxic Culture: Former Executive
June 18, 2023
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aiibAsia & PacificBRICanadaCanadianChina Business & EconomyChina NewsChinese RegimeFinance & Business TiesGlobal ExpansionInfiltrating the WestInternational RelationsPickardSpecial TopicsWorld
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A Canadian executive of the Asian Infrastructure Investment Bank (AIIB) resigned on June 14 while accusing the Chinese communist regime of manipulating AIIB and creating a toxic culture. Experts pointed out that the incident has again revealed the Chinese Communist Party’s (CCP) infiltration of international financial organizations, which should serve as another warning to the…
Ex-AIIB Comms Chief Says Was Advised to Flee China After Fiery Resignation
A senior employee of the Beijing-based Asian Infrastructure Investment Bank (AIIB) said on Thursday he was advised to flee the country after resigning from the bank in protest over what he alleged was Chinese Communist Party influence. Bob Pickard, a Canadian national and former global communications chief for the AIIB, announced his resignation in a…
China-backed Infrastructure Banks Halt Lending to Russia, Belarus Over War in Ukraine
March 4, 2022
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aiibChinaChina Business & EconomyEuropeInternational RelationsRussiaRussia-Ukraine WarSpecial TopicsUkraineWorld
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The Asian Infrastructure Investment Bank has decided to put all activities relating to Russia and Belarus “on hold” due to the war in Ukraine, the China-backed institution said on March 3. The announcement comes a day after China’s top banking regulator said the country would keep up normal trade with Russia and Ukraine amid Western…
Beijing’s Plot Behind Its Asian Infrastructure Investment Bank
Commentary On May 28, in a speech delivered at Joint Base Langley-Eustis in Hampton, Virginia, President Joe Biden made startling remarks that the United States is “in a battle between democracies and autocracies,” and that Xi Jinping “firmly believes that China, before the year ‘30, ‘35, is going to own America.” Some may think Biden…
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