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
Opinion / Op-Ed Contributors

A bank that will realize inclusive development

By Huang Wei (China Daily) Updated: 2014-05-22 08:27

The proposed Asian Infrastructure Investment Bank is likely to boost regional development and, hence, speculation over its intention and competition is not necessary.

President Xi Jinping and Premier Li Keqiang both have proposed to establish the Asian Infrastructure Investment Bank to offer developing countries in the region financial support for their infrastructure projects. Although Beijing's initiative has been warmly welcomed by regional countries thirsty for funds for infrastructure development, it has evoked strong reactions from certain countries which allege that China is trying to reshape Asia's financial landscape.

Reviewing the rising process of Asian economies, we can see that all the emerging economies in region, including those that were once known as the "Four Asian Tigers" and the Chinese mainland, are heavily dependent on funds for high-speed growth.

The region's immature financial sector offers limited support for the development of the real economy of emerging markets in Asia. The result: their development level is still relatively low and their infrastructure far from perfect. Therefore, the AIIB should be seen as an institution that would supplement the existing regional financial infrastructure to promote interconnectivity and economic integration, which is the trend and demand of the times.

Experience shows that investment, especially that goes into infrastructure construction, is an important contributor to economic development. The United States saw a nearly 4 percent per capita GDP growth during the last 30 years of the 19th century, with investment contributing almost 30 percent to that growth. Foreign capital, which came mainly from Britain in the 19th century, played an important role in boosting the US' large-scale investment in infrastructure, which, in turn, promoted its economic growth.

Similarly, China's infrastructure investment increased nearly 158 times - from 12.6 billion yuan ($2.02 billion) to 2 trillion yuan - from 1981 to 2000, greatly facilitating the country's economic growth.

Most of the Asian economies are still in the developing stage, and their ongoing urbanization drive will create a huge demand for investment in urban infrastructure, such as roads, water and power supplies, and sewage systems. For instance, the demand for infrastructure investment in Indonesia is as high as $200 billion, but the Indonesian government can afford only a quarter of that. Even after other financing channels, such as state-owned enterprises and public-private partnership, are employed there will remain a funding gap of $33.5 billion. This is where the proposed AIIB could be of help.

Previous Page 1 2 Next Page

Most Viewed Today's Top News
...
主站蜘蛛池模板: 乱一色一乱一性一视频 | 青青艹在线观看 | av一二三四| 免费特级毛片 | 色多多在线视频 | 国产精品一二三 | 欧美xxxx中国| 国产伦理自拍 | 色黄网站| 男人天堂网在线观看 | 久久综合影院 | 91视频在线观看网站 | 国产精品一区二区三区不卡 | 久久久夜色精品 | 久久精品无码一区二区三区 | 青青久久久 | 五月婷婷综合久久 | 成人免费三级 | 欧美色妞网 | 少妇又色又爽又黄的视频 | 日韩少妇毛片 | 97青草| 久久精品网 | 极品麻豆| 免费人成在线 | 91成人免费网站 | 婷婷色综合 | 中文久久精品 | 一二三四国产精品 | 久久久久黄 | 天天干视频在线观看 | 五月婷婷视频在线观看 | 国产色综合网 | 黄色片入口 | caoporn视频在线 | 丁香久久综合 | 伊人网综合 | 中文字幕一区2区3区 | 99久久久免费精品 | 自拍偷拍在线视频 | 99热免费观看 |