日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

The world votes for AIIB, new economic order

(Xinhua) Updated: 2015-04-01 16:55

BEIJING - The world watched as the number of countries applying to be founding members of the Asian Infrastructure Investment Bank (AIIB) rose to 46 by the Tuesday deadline.

The soaring participation has been seen as evidence of China's growing international sway. If there is one message to glean from the number of applicants, it is that the world has sensibly voted for a more inclusive, balanced and mutually beneficial international economic order.

Global economic governance has witnessed the rise of competitive bilateralism since the financial crisis, leaving many minor players powerless in voicing their demands.

One case in point is the huge infrastructure demand in cash-strapped developing Asian countries, which are expected to need over $700 billion each year by 2020.

International banks that once financed infrastructure are losing interest as the new Basel rules make risk-management more costly. Pension funds and sovereign wealth funds are not effective enough in this arena, and many countries invest their foreign exchange deposits in more profitable bonds and stocks.

Calls for change are rising. More countries are urging the United States to approve IMF quota reforms to allow a better balance of power.

However, most attempts to give greater weight to rising states in Bretton Woods institutions have been stalled out of national interests.

Then came the AIIB, a China-proposed international lender open to all qualified countries. The bank is set to finance massive infrastructure projects in Asia and meet the growing demand for a more inclusive and balanced international financial order.

The AIIB, despite its focus on infrastructure development in Asia, offers abundant trade and investment opportunities for developed countries with advanced technology.

The initiative complements the existing rules of global finance. It will be a force for good, leveraging reforms to push global financial and economic integration.

However, despite the bank's popular reception, developing a new global economic and financial order cannot be expected to be a smooth journey.

Standards-setting, rule-making and risk-management will test major stakeholders' will and wisdom in balancing power, coordinating interests and seeking growth.

China has vowed to be a responsible stakeholder, and with the AIIB initiative, it is doing just that for a more prosperous Asia and a more balanced international economic order.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧洲精品一区二区 | 色四月婷婷 | 五月激情六月丁香 | 日韩在线毛片 | 欧美成人激情视频 | 九九热re | 91看片儿 | 久久久久久穴 | 午夜在线不卡 | 精品国产999久久久免费 | 99热这里只有精品在线观看 | 日本免费一区二区三区 | 午夜激情小视频 | 色婷婷小说 | 四虎com| 亚洲精品91在线 | 激情五月婷婷丁香 | 91尤物国产福利在线观看 | av网站在线免费看 | 日本国产欧美 | 久久高清精品 | 国产有码在线观看 | 美女av网 | 美女国产网站 | 一级片视频播放 | 免费av在线 | 久久久久午夜 | 久久精品99国产精品日本 | 亚洲综合在线视频 | 亚色综合 | 午夜精品久久久久久久第一页按摩 | 观看av在线| 国产成人综合在线观看 | 五月激情婷婷丁香 | 天天干天天干天天干天天 | 久久久精品久久久 | 国产精品第一页在线观看 | 97在线公开视频 | 亚洲一级大片 | 97狠狠操 | 羞羞网站免费 |