US EUROPE AFRICA ASIA 中文
    Business / View

    China-led bank to benefit all stakeholders: Opinion

    By Chen Fengying (China Daily) Updated: 2015-03-19 07:51

    China-led bank to benefit all stakeholders: Opinion

    China's President Xi Jinping (4th R) meets with the guests at the Asian Infrastructure Investment Bank (AIIB) launch ceremony at the Great Hall of the People in Beijing in this October 24, 2014. Britain said it has sought to become a founding member of the AIIB, making it the first Western nation to embrace the China-backed institution. [Photo/Agencies]

    The United Kingdom has sought to join the Asia Infrastructure Investment Bank as a founding member, with France, Germany and Italy planning to follow in its footsteps.

    Their plans to join the China-proposed regional investment bank with an initial capital of $50 billion have come as shock to the United States, because they are long-time US partners and G7 members. Little wonder then that the AIIB has been widely interpreted as a potential rival to the World Bank, headquartered in Washington, and the Japan-led Asian Development Bank.

    But unlike the wild speculations, the establishment of the AIIB is neither an affront to the US-led global financial order nor a move intended to challenge established global institutions such as the World Bank, the International Monetary Fund and the ADB.

    At best, the establishment of the AIIB is a logical step for China to lead its Silk Road Economic Belt and 21st Maritime Silk Road initiatives to success and aimed at boosting regional development.

    The AIIB is based in China and focused on infrastructure development, which many Asian countries are badly in need of. Given the existing global financial system, which is being driven by Asian economies, one of the most valuable gifts that a rising China can offer to the Asian community is its four decades' expertise in infrastructure building.

    The ADB has estimated that to maintain its economic growth in the next decade, the East Asia region will need infrastructure investment of at least $8 trillion, which means there is a huge financial gap that needs to be filled. Unfortunately, none of the major lending institutions, including the World Bank and the ADB, will be able to fill this gap because of, for instance, the World Bank's restrictive lending policies targeted at poorer countries.

    Previous Page 1 2 Next Page

    Hot Topics

    Editor's Picks
    ...
    亚洲AV无码之日韩精品| 在线观看片免费人成视频无码| 亚洲国产午夜中文字幕精品黄网站| 无码中文字幕乱在线观看| 中文字幕亚洲综合久久2| 国产精品无码一区二区三级| 久久无码专区国产精品发布| 六月婷婷中文字幕| 一本大道无码日韩精品影视| 人妻精品久久无码专区精东影业 | 红桃AV一区二区三区在线无码AV | 国精品无码A区一区二区| 人妻少妇AV无码一区二区| 日本精品久久久久中文字幕| 亚洲AV无码一区二区一二区| 无码中文字幕乱在线观看| 中文字幕久久精品无码| 一二三四在线播放免费观看中文版视频 | 国产精品多人p群无码| 亚洲AV无码国产在丝袜线观看| 中文字幕在线观看一区二区| 中文精品久久久久国产网址| 漂亮人妻被中出中文字幕久久| 国产在线观看无码免费视频| 国产成人无码免费网站| 青青草无码免费一二三区| 无码乱人伦一区二区亚洲一| 亚洲av无码乱码国产精品fc2| 亚洲精品无码专区久久久| 久久精品中文无码资源站| 无码av免费毛片一区二区| 日韩中文字幕在线不卡| 中文字幕日韩理论在线| 中文字幕毛片| 国产网红主播无码精品| 久久AV高潮AV无码AV| 亚洲日韩精品一区二区三区无码| 亚洲国产精品无码久久98| 亚洲不卡中文字幕无码| 精品无码人妻一区二区三区品 | 亚洲天堂2017无码中文|