Bloomberg: China's Boom Has World Bank Worried
05-07-2015, 10:47 AM
Bloomberg - China's Boom Has World Bank Worried http://bv.ms/1NA2a0a
want to successful in AIIB and reserve currency status? Wait long long loh... sent from my Galaxy Tab S
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com 
05-07-2015, 02:08 PM
Brother why u so like that... without Ah Tiongs, the world will be far worst...
(05-07-2015, 10:47 AM)BlueKelah Wrote: Bloomberg - China's Boom Has World Bank Worried http://bv.ms/1NA2a0a
05-07-2015, 08:23 PM
AIIB critics 'talking garbage'
Jacob Greber Economics correspondent 422 words 1 Jul 2015 The Australian Financial Review AFNR English Copyright 2015. Fairfax Media Management Pty Limited. Former Treasury secretary Martin Parkinson has issued a blistering attack against mainly US and Japanese critics of the China-led Asian Infrastructure Investment Bank. As Treasurer Joe Hockey attended a signing ceremony with representatives from 50 countries for the bank in Beijing, Dr Parkinson lashed out at complaints about the institution. As head of Treasury and a key G20 negotiator, Dr Parkinson worked on the bank's creation. He blasted the US and Japan for failing to support the initiative, which was partly triggered by the US Congress' failure to reform the International Monetary Fund. "If people are going to keep saying the problem with the AIIB is a lack of transparency, they'd better start being concrete about it because it's absolute garbage," Dr Parkinson told the Crawford Australian Leadership Forum in Canberra hosted by the Australian National University and supported by The Australian Financial Review on Tuesday. He said more changes to the structure of the investment bank could have been made with American and Japanese support. "If it was good enough for Australia, South Korea, Canada and Great Britain, the last time I looked they were all allies of the US." Dr Parkinson said China would have pushed for creation of the new institution "whether we like that or not". Describing the IMF as created on rules that made it a "tool" of the US and Japanese, Dr Parkinson indicated that their failure to engage was a missed opportunity. "We've had an emerging China wanting to change the rules of the capital markets, whether we like that or not." He also slammed Congress for failing to adopt long-debated quota reforms at the Washington-based IMF. "It's the failure of the Congress to deliver that is inhibiting US influence on the [Asian] region. China is the bank's largest shareholder, with a 30.34 per cent stake, and Australia has become its sixth largest after a commitment of around $1 billion over five years. While the Abbott government initially expressed concern about how the bank would be government, it joined the project earlier this year. Geoff Raby, a former Australian ambassador to China that that country could have pursued the investment bank by itself. Instead, "it chose to set itself up in a multilateral framework of rules," he said. "China is changing and the change is starting to catch up with us. And that's why the Australian government was caught wrong-footed by the [bank proposal]." Fairfax Media Management Pty Limited Document AFNR000020150630eb7100013 (05-07-2015, 10:47 AM)BlueKelah Wrote: Bloomberg - China's Boom Has World Bank Worried http://bv.ms/1NA2a0a
05-07-2015, 09:21 PM
(05-07-2015, 10:47 AM)BlueKelah Wrote: Bloomberg - China's Boom Has World Bank Worried http://bv.ms/1NA2a0a AIIB is likely a success, even among rivals' views. World Bank, and ADB have taken AIIB as a potential partner. I reckon we don't need to wait too long, before we see the AIIB in action...  World Bank chief endorses rival AIIB http://www.ft.com/intl/cms/s/0/c58cbd66-...z3f1RBJFh6 China-led bank is a potential partner, not rival, says ADB president http://www.japantimes.co.jp/news/2015/03...Zks8_mqqko RMB as reserve currency? I reckon you means RMB in the IMF’s Strategic Drawing Rights, or SDR. RMB in the IMF SDR, is a matter of time. I reckon soon we might see the approval, rather than waiting "long long".
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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