三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Economy

AIIB propels sustainable development in Asia

(Xinhua) Updated: 2014-11-08 14:46

BEIJING - The yet to be established Asian Infrastructure Investment Bank (AIIB), designed to fund infrastructure projects in underdeveloped Asian countries, is expected to propel sustainable development in one of the world's most promising regions.

Twenty-first Asian countries have inked a Memorandum of Understanding on establishing the multilateral lender headquartered in Beijing with an expected initial subscribed capital of $50 billion. The establishment will be high on the agenda of the ongoing events of the Asia-Pacific Economic Cooperation (APEC) forum.

Some have rushed to interpret the aim of the China-proposed move as to challenge such West-backed institutions as World Bank and Asian Development Bank in channeling capital to poor Asian countries.

AIIB propels sustainable development in Asia
Members named for Asia infrastructure bank
 
AIIB propels sustainable development in Asia 
 Asian Infrastructure Investment Bank will guide capital
 
In fact, the AIIB, focusing mainly on infrastructure construction, will be a very useful complement rather than rivalry to existing donor banks whose priorities are more on poverty reduction.

The AIIB is an attempt to fill a tremendous investment gap in infrastructure. The Asia Development Bank estimated in 2009 that Asia needs about $8 trillion in investment by 2020 to improve the region's battered infrastructure to keep their economies humming.

It is a sensible next step for Asian economies to highlight infrastructure development which promotes regional inter-connectivity and mutual access and strengthens the self-development capacity. It actually has become a key factor in continuing steady and fast economic growth in the region.

For the world as a whole, infrastructure construction in Asia can expand investment demand and promote the now rather tepid global economic recovery.

Not to mention that the well-being of the Asia-Pacific region could be intertwined with the well-being of almost all economies on this planet, the AIIB will help optimize global economic governance and financial structure.

As the Asia-Pacific region accounts for 40 percent of the world's total population, 60 percent of the global economy and about half of the global trade, the roles of the AIIB will definitely be significant.

The AIIB is expected to cooperate with existing development banks. For many large-scale projects, co-financing by institutions of various kinds and representing various interests is always a better choice.

The AIIB is also likely to stimulate some healthy competition and encourage more rapid reform of the old institutions and the lagged global economic governance that has been in existence since World War II.

Global financial institutions, dominated by developed economies have so far failed to evolve with the global economy where the weight of emerging economies in the global GDP is increasing steadily. The powerful financial institutions have recognized the facts, but have done little to change the status quo.

It is high time that the developed countries which have been benefiting from the growth of the developing world and its expanding market, allow their developing counterparts to have a say in the global economic governance. Eventually, a fairer, more reasonable and orderly system will benefit all.

Shaking off suspicion to welcome an organization like the AIIB might be a good start.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产亚洲一区二区三区在线观看 | 国产成人精品在线观看 | 91视频三级| 国产成人精品日本亚洲专区6 | 亚洲在线免费观看视频 | 九九精| 国产精品女上位在线观看 | 咪咪久久 | 日韩片在线观看 | 国产成人拍精品视频网 | 新26uuu在线亚洲欧美 | 日本高清在线一区二区三区 | 911国产在线观看精品 | 美国毛片免费看 | 一区二区网站在线观看 | 亚洲黄色网址大全 | 污黄在线观看 | 一级成人生活片免费看 | 色片免费在线观看 | 女人被男人狂躁免费视频 | 欧美一级欧美一级毛片 | 免费大片在线观看 | 欧美国产在线观看 | 青青草在线视频视频 | 国产日产欧产精品 | 欧美中文一区 | 婷婷综合社区 | 亚洲国产伦理 | 国内自拍网站 | 亚洲高清成人欧美动作片 | 欧美色视频免费高清播放 | 欧美精品播放 | 一级aaaaaa毛片免费同男同女 | 免费观看黄色a一级录像 | 亚洲精品国产福利片 | 成人毛片免费免费 | 美女喷水视频在线观看 | 日本亚洲精品色婷婷在线影院 | 国内毛片 | 亚洲国产精品成人综合色在线婷婷 | 亚洲 国产 路线1路线2路线 |