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AIIB officially opened an office in Tianjin
Published on: 2021-05-06
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The Asian Infrastructure Investment Bank officially opened an office in Tianjin on Thursday. The move out of its headquarters in Beijing has significance for supporting steady operation of the AIIB and promoting Tianjin's higher-level opening-up, officials said.

The AIIB started cooperation with Tianjin in December 2019. The bank invested $500 million in a liquefied natural gas project in China to help support its efforts to transition to a lower-carbon energy future. Upon completion, the project will cut coal consumption by about 11.9 million tonnes annually and help improve air quality by reducing coal combustion-related emissions in Beijing, Tianjin and Hebei province, an economic engine in north China.





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