AIIB (Asian Infrastructure Investment Bank) news

[liubang]

Russia was already appointed with elite membership in the AIIB long before the European nations.

However, if Russia has announced its membership too early, then this bank could likely be shunned by Europe because of the current strained relationship between the EU and Russia.

BTW, now the political tension between the EU and Russia has the chance to be fully solved thanks to the AIIB (soon becoming the WIIB in the near future).

That is pretty smart.

The US is always the biggest manipulator of currency, not China.

Printing a trillion dollar bill isn't currency manipulation?

Quantitative easing - Wikipedia, the free encyclopedia

It is lol. America totally is a currency manipulator. In the us, the libertarians group are extremely vocal about this. I think we already start to suffer some of the consequences for it.

 

[ChineseTiger1986]

That is pretty smart.

Thanks to the US currency manipulation that has fed up a lot of nations.

Otherwise, the AIIB wouldn't be considered as an alternative international financial institution for the world.

 

[yusheng]

both USD AND RMB, any other currency now, future RMB

"The Chinese currency has gained a stronger footing in the global arena, having been ranked as the world's 14th payments currency with its worldwide use expanding to 15.6 percent, according to the financial services provider SWIFT."
Global yuan use increases - Headlines, features, photo and videos from ecns.cn

 

[大汉奸柳传志]

Lastly, China should reward the UK, because they were the one who open up the floodgates. Before that, there were a lot of "wait and see" from other countries. London sounds like a good location for your European branch office and London can host the RMB clearing too.

Definitely.The UK cleaverly demonstrated that，despite the English empire has long gone，they still possess more influence on the world stage than anyone would have thought，and more than their share of GDP figure would indicate.That influence was previously overshadowed by the US，Once they decided to come out of the shadow，People start to see them still a top tier country as they truly are.This time China is not the only winner here

 

[liubang]

Thanks to the US currency manipulation that has fed up a lot of nations.

Otherwise, the AIIB wouldn't be considered as an alternative international financial institution for the world.

I am not doing an accusation tone. The truth is that China did currency manipulation like the USA printing money. If I remember correctly, it has to do with import/export or whatever. I am not question the method because in the real world, no one play "fair." But I am wondering in term of the interesting of the Chinese economy. I guess China had grown enough that it no longer need such a practice. I really hope by the time I am in my 40s (15 to 20 years from now), asia will be like europe in term of standard of living right now.

Sigh, still can't figure out how to post a thread on this dang forum.

 

[yusheng]

But I am wondering in term of the interesting of the Chinese economy. I guess China had grown enough that it no longer need such a practice. .

the overall Chinese strategy on economy is "both thriving", we can earn your money only when you are rich! that is why so many countries will follow China today. if China was selfish on economic strategy, no one will follow us.

you can refer to the economic growth in Africa when China entered in though economy is very complicated and effective in longterm.

 

[cirr]

More deals of this nature will follow the formal establishment in 2015 of the AIIB。

China, Kazakhstan Sign $23.6 Billion In Deals

By Reuters on March 27 2015 10:49 PM EDT

(Reuters) - China and Kazakhstan have signed 33 deals worth $23.6 billion covering areas from hydropower to steel, state news agency Xinhua said.

The agreements were reached during a visit by Kazakhstan Prime Minister Karim Masimov to China after a meeting with Chinese Premier Li Keqiang, state news agency Xinhua said late on Friday.

Others areas covered by the deals include oil refining and cars, the report said, without providing further details.

"The inking of the deals show the success of bilateral cooperation, and proves that the two countries' economies are complementary," Xinhua quoted Li as saying.

"China's equipment and technology are cost-effective, which are suitable for countries promoting industrialization," he added.

China, Kazakhstan Sign $23.6 Billion In Deals

 

[ChineseTiger1986]

Definitely.The UK cleaverly demonstrated that，despite the English empire has long gone，they still possess more influence on the world stage than anyone would have thought，and more than their share of GDP figure would indicate.That influence was previously overshadowed by the US，Once they decided to come out of the shadow，People start to see them still a top tier country as they truly are.This time China is not the only winner here

Yeah, I was also pretty shocked to learn this news, and most of us didn't expect that the UK was the first western nation to join.

 

[FairAndUnbiased]

Yeah, I was also pretty shocked to learn this news, and most of us didn't expect that the UK was the first western nation to join.

I actually expected it. UK was first Western nation to recognize PRC. The British elites are smart, they can feel the direction of the wind.

 

[ChineseTiger1986]

I actually expected it. UK was first Western nation to recognize PRC. The British elites are smart, they can feel the direction of the wind.

The UK has by far more experience than his son the US who only relies of the brute strength.

 

[Edison Chen]

Turkey joins too, lol? Why? Atatwolf, what do you want to say?

 

[rubyjackass]

Nope, the relationship between the AIIB (GIIB or WIIB in the future) and the BRICS Bank are always co-existent just like the World Bank and the IMF.

More like ADB and World Bank/IMF

It is said that in the China only designed 15 to 20 board seats, perhaps only 3 seats reserved for "outside" (i.e., the european countries) members, this will result seven European countries quarrel and struggle to enter the board of directors.

The voting structure and organization is yet to be decided. The negotiations for that will start after March 31. As of now, each member will get one vote irrespective of their share. That is the general principle.

 

[cirr]

Holland is in，

 

[rubyjackass]

Dear President Xi Jinping,

AIIB (or is it now called WIIB) is your bank. Please fund 50% of the capital and hold 50% of its share. You have done all the hard work and you must not allow others to jeopardise it. Don't dilute your share.

Increase the capital to $200 or even $300 billion, as this will indicate that China is really serious about infrastructure investment. Don't just stop in Asia. You have Eurasia just next door, good friends in South America and Africa who also need some funds for their infrastructure.

Please rename AIIB to World Infrastructure Investment Bank (or Global IIB) as soon as possible and extend the invite to South America and Africa. The change of the name will make the bank more inclusive.

Lastly, China should reward the UK, because they were the one who open up the floodgates. Before that, there were a lot of "wait and see" from other countries. London sounds like a good location for your European branch office and London can host the RMB clearing too.

Thank you.

Sure. China does that and it will be instantly designated as a hegemon by the Western media. The one member-one vote principle is what made this endeavor a success. Otherwise every country like UK would have a reason to not join the bank. Now US looks like a sore loser. It can keep the IMF and WB shares with itself. AIIB is more of a competitor for ADB, not for World Bank as such.

 

[aliaselin]

The specific details about AIIB have not been discussed yet and we still have lots of work to do.