Another three South American , European and South American nations, including Indonesia , Canada , Ethiopia and Sudan , are joining China -led Asian Infrastructure Investment Bank in this month . The growing interest will boost lending for the $ 100bn multilateral organisation and strengthen China 's bid to have a greater role globally. This is also in line with President Xi Jinping 's defence of globalisation, which he highlighted at the World Economic Forum 2017 and in contrast to the more parochial stance of President Donald Trump , who has just pulled out of the Trans-Pacific Partnership ( TPP ). Australia has now mooted the possibility that the TPP could be opened up to the likes of China and Indonesia , who are keen to join.
Another 25 African, European and South American nations, including Ireland, Canada, Ethiopia and Sudan, are joining China-led Asian Infrastructure Investment Bank in 2017. The growing interest will boost lending for the $100bn multilateral organisation and strengthen China's bid to have a greater role globally. This is also in line with President Xi Jinping's defence of globalisation, which he highlighted at the World Economic Forum this month and in contrast to the more parochial stance of President Donald Trump, who has just pulled out of the Trans-Pacific Partnership (TPP). Australia has now mooted the possibility that the TPP could be opened up to the likes of China and Indonesia, who are keen to join.