Spokeswoman Jen Psaki has said Secretary of State John Kerry has made clear directly to the Chinese that Washington welcomes the idea of an infrastructure bank for Asia, but strongly urges that it meet international standards of governance and transparency. She said the U.S. has concerns about the ambiguous nature of the AIIB proposal as it currently stands.
China hopes that the Trans-Pacific Partnership free trade pact can be transparent and open and contribute to free trade and investment along with other arrangements in the region, an official said. Shen Danyang, spokesman with the Ministry of Commerce, said China has been closely watching the negotiations.
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