国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
China
Home / China / Business

Countries rushing to join AIIB

By Zheng Yangpeng in Boao, Hainan | China Daily | Updated: 2015-03-30 07:38

Observers say US, now increasingly isolated, should rethink its negative position on bank

Countries are rushing to join the new Asian Infrastructure Investment Bank as the application deadline draws near, but the United States remains conspicuously absent.

Experts attending the annual Boao Forum for Asia in Boao, Hainan province, said the United States should reconsider its stance.

On Saturday alone, Russia, Brazil, the Netherlands and Denmark said they want to join AIIB as founding members. A day earlier, Georgia, Turkey and South Korea filed their applications.

Swedish officials at the Boao Forum also expressed interest, while the possibility grew that other northern European nations would follow.

As of Sunday, 42 countries had joined or applied to join the AIIB as founding members. They must wait two weeks before a final decision is made on April 12, the Finance Ministry said.

Of the world's major economies, only the United States, Japan and Canada have not declared their intention to join the AIIB, though they could apply at the last minute or join later as ordinary members.

As interest in the bank grew in the past week, debate in Boao focused on the chilly reception to the idea by the administration of US President Barack Obama and whether the emerging multilateral lending institution proposed by China amounts to a challenge to the US-led international financial order.

During a panel discussion at the forum, Martin Jacques, a senior fellow in the Department of Politics and International Studies at Cambridge University, called the founding of AIIB an "exciting moment" in history.

"What I want to say is in the past month or so the US has been taking a defensive stance on the issue and become more and more isolated," he said. "The US should review its stance on this issue."

Leo Melamed, chairman emeritus of the Chicago Mercantile Exchange, said the US has been too slow in accepting the necessity of the AIIB in the Asian world. Its position contrasts with other Western economies, which actively sought to engage in the architecture and cowrite the rules.

Jenny Shipley, former prime minister of New Zealand, said her country, the first developed nation to join the AIIB as a founding member, hopes to be involved in drafting the bank's operating rules.

"The bank should face up to the future and not be excessively focused on what happened in the past," Shipley said, adding that New Zealand will propose a set of rules before the end of this year.

The bank could be innovative in how it works with other multilateral financial institutions, how the board is constituted and how loans are made, she said. For example, board members need not be resident board members, as is the case with the International Monetary Fund and World Bank.

Shaukat Aziz, former prime minister of Pakistan, agreed, saying it is a blessing that the AIIB starts from square one, and it shoudn't be "a hostage to history".

Panelists from the Chinese side kept a lower profile. Li Ruogu, former chairman of the Export-Import Bank of China, said the frequent comparison of the AIIB and the Bretton Woods system is "not appropriate" - referring to the monetary system of major industrial states that emerged in the mid-20th century.

He said the primary goal of the AIIB is to fill the shortage of funding for Asia's badly needed infrastructure. An additional $8 trillion is needed to fund infrastructure in Asia to maintain the current economic growth to 2020, according to a previous estimate by the Asian Development Bank.

"The priority now is to formulate the articles of association as quickly as possible. We would also like to see concrete projects," Li said.

He cautioned that people should have reasonable expectations about the commercial yields likely through AIIB investments, which will be poured into long-term projects.

Hu Huaibang, chairman of China Development Bank, said the AIIB should achieve the regional development target through commercial operations, and to achieve sustainability the fiscal balance is crucial.

"If financial institutions for development fail to abide by rule of low profit, they can't be sustainable," he said.

zhengyangpeng@chinadaily.com.cn

 

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
左权县| 吉木萨尔县| 醴陵市| 元谋县| 大邑县| 滨州市| 达拉特旗| 高阳县| 察雅县| 江陵县| 浙江省| 巍山| 荣昌县| 德兴市| 肃宁县| 中江县| 新昌县| 改则县| 弋阳县| 奎屯市| 蓬莱市| 汉中市| 九江市| 庄浪县| 浦江县| 乡城县| 长治县| 沾化县| 司法| 广昌县| 香格里拉县| 富阳市| 弥勒县| 凉城县| 三亚市| 克拉玛依市| 灌南县| 海口市| 宜君县| 乐亭县| 鄂伦春自治旗|