AIIB (Asian Infrastructure Investment Bank) news

[AndrewJin]

It would have been better had we joined. A loss for us. A damned loss for us....

If, I mean if, one day a war between Japan and US, which side would you choose?

 

[Aepsilons]

If, I mean if, one day a war between Japan and US, which side would you choose?

Loyalty to my Motherland is without question.

 

[AndrewJin]

Loyalty to my Motherland is without question.

I guess thousands of Asians will flee back if something bad happens to US...
In Chinese, it is called 树倒猢狲散

 

[Aepsilons]

I guess thousands of Asians will flee back if something bad happens to US...
In Chinese, it is called 树倒猢狲散

A war between Japan and America? Hehe, before that happens, Japan will have already aligned with East Asia and Russia......

America knows that we originally did not want to align with Washington, but with Beijing actually.

Alignment with America was by out of pure necessity given the Soviet threat. Now there is no Soviet threat and there is relative entente with Moscow and Tokyo.

Washington wants to prevent by all means Tokyo's growing relations with Moscow. As it would have strategic consequences.


I will not say more. Hehehe.

 

[AndrewJin]

A war between Japan and America? Hehe, before that happens, Japan will have already aligned with East Asia and Russia......

Like what Chinese were doing during 2011 earthquake in Japan, simply flying back to China.
树倒猢狲散，if the tree falls, monkeys scatter away.

 

[Aepsilons]

Like what Chinese were doing during 2011 earthquake in Japan, simply flying back to China.
树倒猢狲散，if the tree falls, monkeys scatter away.

Even after earthquake , the number of Chinese has grown. There are more than 1 million Chinese (naturalized and non) who call Japan home. Literally Chinese are largest minority in Japan, 2nd is Koreans.

LOL

Third is Taiwanese but they're Chinese, so...LOL

 

[AndrewJin]

Even after earthquake , the number of Chinese has grown. There are more than 1 million Chinese (naturalized and non) who call Japan home. Literally Chinese are largest minority in Japan, 2nd is Koreans.

LOL

But when something bad happens to the place where they live, 树倒猢狲散. Just like if a earthquake hits Shanghai, I will run back to Wuhan just like Japanese in Shanghai fleeing back to Japan.

 

[Aepsilons]

But when something bad happens to the place where they live, 树倒猢狲散. Just like if a earthquake hits Shanghai, I will run back to Wuhan just like Japanese in Shanghai fleeing back to Japan.

Just unify so we won't have to flee back and forth anymore, lol.

 

[AndrewJin]

Just unify so we won't have to flee back and forth anymore, lol.

Since your language is similar to some accent in Zhejiang, I recommend the special district of Japan under Zhejiang Province!

 

[Aepsilons]

Since your language is similar to some accent in Zhejiang, I recommend the special district of Japan under Zhejiang Province!

People from Ningbo don speak with a similar accent!

 

[TaiShang]

China to retain veto power in new lender
By Zheng Yangpeng

Voting structure gives nation an upper hand in major decisions on AIIB operations, say reports.

China will retain "veto power" over major decisions by the Asian Infrastructure Investment Bank but relinquish that for day-to-day decisions, as part of Beijing's broad-based efforts to build a lean, efficient lending institution, according to media reports.

The nation has gained between 25 and 30 percent of the total votes of the emerging multilateral lender, which give it the power to block major motions involving structure, membership, capital increases and other significant issues that require a "super majority" of at least 75 percent of votes, both The Wall Street Journal and Reuters reported, claiming they had viewed the draft articles of association.

The Finance Ministry said on May 22 that the 57 prospective founding members of the AIIB had agreed on the text of the articles of association at a three-day meeting in Singapore. It will be signed at the end of June and will then be presented to each nation's legislature for approval.

The ministry did not disclose the content of the AOA, and declined to confirm media reports.

China's decision to forgo its outright veto power in day-to-day operations has also helped win over some key founding members, The Wall Street Journal said. However, China still has an upper hand as the largest shareholder, and is the only country to wield a veto power over major decisions, as opposed to previous reports that China had relinquished the power to win support.

According to the AOA, China is providing $29.78 billion of the bank's $100 billion capital base. India contributes $8.36 billion, Russia $6.53 billion and South Korea $3.74 billion. Outside the Asian-Pacific region, Germany's allocation is $4.48 billion, France $3.37 billion and Brazil $3.18 billion.

Voting shares are apportioned according to a complex formula that factors in each member's capital contribution, the size of its economy, basic votes each member receives equally plus another 600 votes allocated to each founding member.

This would translate into a 25 to 30 percent vote for China, the Journal said. India would be the second-largest shareholder with a 7.5 percent voting rights, while Germany has gained a 4.1 percent stake, the largest outside the region, Reuters said.

Xiao Lian, director of the Center for America Studies under the Chinese Academy of Social Sciences, said a veto power would improve efficiency of the decision-making at the lender.

Asked if the power would incur criticism from the United States, which has consistently expressed concern over the governance of the AIIB, he said: "We're just imitating the US. If the US can wield veto power in the International Monetary Fund, why can't we?"

To streamline bureaucracy and cut costs, the AIIB will be overseen by an unpaid, nonresident board of directors. The new bank will open bidding for projects to all, unlike the Asian Development Bank, which restricts contracts to member countries, the Journal said.

David Dollar, a senior fellow at Brookings Institution and former World Bank official, told the Journal that the resident board costs the World Bank some $70 million annually. There was often a certain tension between the management and the board members whose resident staff wanted to find out about projects at an early stage.

Chen Fengying, a researcher at the China Institute of Contemporary International Relations, said a non-resident board of directors would give more room for the management to perform.

The latter's recruitment will be open to global talent, which will help make professional decisions, rather than making the bank an instrument of China's foreign policy, as many outsiders fear.

The board, in which China has more seats, retains decision power on important issues, she said.

"As long as China maintains the largest shareholding and the president position, which should go to a Chinese national for the first term, we won't worry over conceding influence," Xiao said.

 

[Echo_419]

China to retain veto power in new lender
By Zheng Yangpeng

Voting structure gives nation an upper hand in major decisions on AIIB operations, say reports.

China will retain "veto power" over major decisions by the Asian Infrastructure Investment Bank but relinquish that for day-to-day decisions, as part of Beijing's broad-based efforts to build a lean, efficient lending institution, according to media reports.

The nation has gained between 25 and 30 percent of the total votes of the emerging multilateral lender, which give it the power to block major motions involving structure, membership, capital increases and other significant issues that require a "super majority" of at least 75 percent of votes, both The Wall Street Journal and Reuters reported, claiming they had viewed the draft articles of association.

The Finance Ministry said on May 22 that the 57 prospective founding members of the AIIB had agreed on the text of the articles of association at a three-day meeting in Singapore. It will be signed at the end of June and will then be presented to each nation's legislature for approval.

The ministry did not disclose the content of the AOA, and declined to confirm media reports.

China's decision to forgo its outright veto power in day-to-day operations has also helped win over some key founding members, The Wall Street Journal said. However, China still has an upper hand as the largest shareholder, and is the only country to wield a veto power over major decisions, as opposed to previous reports that China had relinquished the power to win support.

According to the AOA, China is providing $29.78 billion of the bank's $100 billion capital base. India contributes $8.36 billion, Russia $6.53 billion and South Korea $3.74 billion. Outside the Asian-Pacific region, Germany's allocation is $4.48 billion, France $3.37 billion and Brazil $3.18 billion.

Voting shares are apportioned according to a complex formula that factors in each member's capital contribution, the size of its economy, basic votes each member receives equally plus another 600 votes allocated to each founding member.

This would translate into a 25 to 30 percent vote for China, the Journal said. India would be the second-largest shareholder with a 7.5 percent voting rights, while Germany has gained a 4.1 percent stake, the largest outside the region, Reuters said.

Xiao Lian, director of the Center for America Studies under the Chinese Academy of Social Sciences, said a veto power would improve efficiency of the decision-making at the lender.

Asked if the power would incur criticism from the United States, which has consistently expressed concern over the governance of the AIIB, he said: "We're just imitating the US. If the US can wield veto power in the International Monetary Fund, why can't we?"

To streamline bureaucracy and cut costs, the AIIB will be overseen by an unpaid, nonresident board of directors. The new bank will open bidding for projects to all, unlike the Asian Development Bank, which restricts contracts to member countries, the Journal said.

David Dollar, a senior fellow at Brookings Institution and former World Bank official, told the Journal that the resident board costs the World Bank some $70 million annually. There was often a certain tension between the management and the board members whose resident staff wanted to find out about projects at an early stage.

Chen Fengying, a researcher at the China Institute of Contemporary International Relations, said a non-resident board of directors would give more room for the management to perform.

The latter's recruitment will be open to global talent, which will help make professional decisions, rather than making the bank an instrument of China's foreign policy, as many outsiders fear.

The board, in which China has more seats, retains decision power on important issues, she said.

"As long as China maintains the largest shareholding and the president position, which should go to a Chinese national for the first term, we won't worry over conceding influence," Xiao said.

Intresting so this AIIB is a Chinese version of IMF

 

[TaiShang]

Intresting so this AIIB is a Chinese version of IMF

Natural consequence of economies of scale.

If Japan were in, it would be a whole lot different.

 

[Aepsilons]

Natural consequence of economies scale.

If Japan were in, it would be a whole lot different.

A foolish mistake on our part. Damned foolish mistake.

 

[Beidou2020]

China to retain veto power in new lender
By Zheng Yangpeng

Voting structure gives nation an upper hand in major decisions on AIIB operations, say reports.

China will retain "veto power" over major decisions by the Asian Infrastructure Investment Bank but relinquish that for day-to-day decisions, as part of Beijing's broad-based efforts to build a lean, efficient lending institution, according to media reports.

The nation has gained between 25 and 30 percent of the total votes of the emerging multilateral lender, which give it the power to block major motions involving structure, membership, capital increases and other significant issues that require a "super majority" of at least 75 percent of votes, both The Wall Street Journal and Reuters reported, claiming they had viewed the draft articles of association.

The Finance Ministry said on May 22 that the 57 prospective founding members of the AIIB had agreed on the text of the articles of association at a three-day meeting in Singapore. It will be signed at the end of June and will then be presented to each nation's legislature for approval.

The ministry did not disclose the content of the AOA, and declined to confirm media reports.

China's decision to forgo its outright veto power in day-to-day operations has also helped win over some key founding members, The Wall Street Journal said. However, China still has an upper hand as the largest shareholder, and is the only country to wield a veto power over major decisions, as opposed to previous reports that China had relinquished the power to win support.

According to the AOA, China is providing $29.78 billion of the bank's $100 billion capital base. India contributes $8.36 billion, Russia $6.53 billion and South Korea $3.74 billion. Outside the Asian-Pacific region, Germany's allocation is $4.48 billion, France $3.37 billion and Brazil $3.18 billion.

Voting shares are apportioned according to a complex formula that factors in each member's capital contribution, the size of its economy, basic votes each member receives equally plus another 600 votes allocated to each founding member.

This would translate into a 25 to 30 percent vote for China, the Journal said. India would be the second-largest shareholder with a 7.5 percent voting rights, while Germany has gained a 4.1 percent stake, the largest outside the region, Reuters said.

Xiao Lian, director of the Center for America Studies under the Chinese Academy of Social Sciences, said a veto power would improve efficiency of the decision-making at the lender.

Asked if the power would incur criticism from the United States, which has consistently expressed concern over the governance of the AIIB, he said: "We're just imitating the US. If the US can wield veto power in the International Monetary Fund, why can't we?"

To streamline bureaucracy and cut costs, the AIIB will be overseen by an unpaid, nonresident board of directors. The new bank will open bidding for projects to all, unlike the Asian Development Bank, which restricts contracts to member countries, the Journal said.

David Dollar, a senior fellow at Brookings Institution and former World Bank official, told the Journal that the resident board costs the World Bank some $70 million annually. There was often a certain tension between the management and the board members whose resident staff wanted to find out about projects at an early stage.

Chen Fengying, a researcher at the China Institute of Contemporary International Relations, said a non-resident board of directors would give more room for the management to perform.

The latter's recruitment will be open to global talent, which will help make professional decisions, rather than making the bank an instrument of China's foreign policy, as many outsiders fear.

The board, in which China has more seats, retains decision power on important issues, she said.

"As long as China maintains the largest shareholding and the president position, which should go to a Chinese national for the first term, we won't worry over conceding influence," Xiao said.

China played its cards right. Chinese leaders just know how to get things done.
China should always retain veto power over major decisions since most of the members are American vassal states and they might be in there to sabotage the whole bank as Washington's agents.

American regime will do anything to sabotage the AIIB.

I always found it suspicious that once UK (America's closest vassal state) decided to join AIIB, all other American vassals decided to join in a matter of days. It could be that in public the US pretends they 'lost out' but in reality this might have been a master plan all along to get its vassals into AIIB and sabotage it once they joined the bank. This way the AIIB won't operate properly and the US won't have to do it themselves.

Don't trust a snake like the US.