Headquartered in Beijing, and established by Chinese President Xi Jinping in 2016, the Asian Infrastructure Investment Bank has been touted as a Chinese alternative to the World Bank

Though the economy in 2022 grew at the fastest pace in decades, economists warned it is facing headwinds ahead, with weakening global demand having already impacted its shipments

China's draft contains 23 targets geared towards protecting 30% of land and coastal and marine areas worldwide by 2030

The cabinet, including five women, immediately set to work cementing relations with China as it battles a downwards economic spiral

Manila-based lender sees 2021 GDP growth of 7.0% for developing Asia, down from 7.1%, and 2022 growth of 5.3%, down from 5.4% in September