AIIB: Promoting Regional Integration

正The Asian Infrastructure Investment Bank(AIIB),a multilateral development bank,has helped many Asian countries improve their infrastructure,deepen regional integration and accelerate poverty reduction,according to Supee Teravaninthorn,Director General of AIIB’s Investment Operations Department."We have three mandates:sustainable infrastructure,regional connectivity and     

Enlarging Shareholders

<正>AIIB is attracting more countries to join the promising initiative in Asia By Bai ShiAsignificant shift occurred when four major eurozone economies applied for founding membership of the Chinaproposed Asian Infrastructure Investment Bank(AIIB),dispelling concerns of some developed economies over the initiative’s ability to successful y revolutionize infrastructure development in Asia.Britain became the first big Western economy to apply on March 12,with France,Germany and Italy submitting their applications five days later.On March 20,Switzerland and Luxemburg     

The U.S. Should Welcome the AIIB

<正>The announcement by another major U.S.al y that it would join the China-led Asian Infrastructure Investment Bank(AIIB),and the disgruntled response from Washington,amounted to free advertising for the forthcoming bank.Founding members of the AIIB plan to discuss the institutional arrangement of the bank in the following months,with official operations slated to begin by the end of the year.So far,in addition to Asian countries,several major European economies including France,Britain,Germany and Italy have also expressed interest in the Asian bank,signaling that the AIIB will be a dynamic     

A GROWING FAMILY

<正>New development lender in Asia assists with regional infrastructure connectivityThe Asian Infrastructure Investment Bank(AIIB)announced on April 6 that it had admitted 13 new members,bringing its total approved membership to 70.The new AIIB members come from Asia,Africa,Europeand the Americas.They include five regional     

ECONOMY

正Cooperation Strengthened The Asian Infrastructure Investment Bank(AIIB)and the European Investment Bank(EIB)on May 30agreed to broaden cooperation to support investment in"strategically important"projects.The two institutions signed a framework of cooperation to expand partnerships in areas including the joint fnancing of infrastructure projects worldwide and the establishment of a regular dialogue mechanism     

SIGNED,DEALED,DELIVERED

<正>Chinese Finance Minister Lou Jiwei signs the agreement for the Asian Infrastructure Investment Bank(AIIB)in Beijing on June 29.Representatives of the 57 prospective AIIB founding countries signed the agreement at the ceremony.The signing wrapped up six months of negotiations and paved the way for establishing the Beijing-     

THE TALE OF A BANK

正New multilateral financial institution initiated by China shoulders highexpectationsFrom an idea on paper to a fully fledged body,the Asian Infrastructure Investment Bank(AIIB)was finally unveiled after two years of preparation.On January 16,representatives from 57countries as founding members of the AIIB     

The Crucial Role of AIIB

正As a multilateral financial institution proposed by China,the Asian Infrastructure Investment Bank(AIIB),inaugurated in Beijing on January16,represents an important contribution the country has made to the development of the world.Its inauguration also indicates that China is playing an increasingly prominent role in international governance.The AIIB will bring benefits on three fronts:     

Singapore Ushers in the Asian Century

正The city-state of Singapore has seen remarkable growth since being founded just over half a century ago.By upholding the best of Asian values,Singapore continues to lead the way in an increasingly globalized world.Many Southeast Asian countries are blessed with an abundance of natural resources.Singapore has positioned itself as one of the region's largest commodity trading hubs offering tax-friendly incentives,transparent financial and legal sectors,excellent infrastructure and a skilled workforce.These factors have enabled Singa-     

New Infrastructure,New Engine

正Shanghai unveils three-year construction plan for new infrastructure Shanghai will carry out 48 key projects in the field of new infrastructure in the next three years with a total investment of 270 billion yuan ($38.14 billion), according to the action plan on promoting new infrastructure construction (2020-22) issued by the Shanghai Municipal Government. The35-point plan aims at turning Shanghai into a leading city in the world in terms of scale and innovation capacity of new infrastructure by the end of 2022.     

Better Together China cements ties with its Eurasian partners through President Xi Jinping's visits to Kazakhstan,Russia and Belarus

<正>During his state visit to Kazakhstan in September 2013,Chinese President Xi Jinping proposed the building of the Silk Road Economic Belt,which is expected to facilitate trade between countries along the ancient trade route on the Eurasian continent and increase connectivity of infrastructure in these countries.When Xi made his newest Eurasian tour to Kazakhstan,Russia and Belarus on     

Mobile Payment Should Be Part of BRICS Cooperation

<正>Stronger Partnership for a Brighter Future was the theme of the 2017 BRICS Summit held in Xiamen on September 3-5.As important participants in efforts to strengthen partnership between BRICS countries,Chinese enterprises will not only bring capital,products and infrastructure to BRICS countries,but also provide them with technology,services and     

hat Has China Brought to Africa？

Following a series of African leaders conferences in the EU, China, India, and Japan, the U.S. held the first U.S.- Africa Leaders Summit in Washington D.C. from August 4 to 6. The high-level meeting saw the announcement of a US $33 billion-investment in Africa, in sectors such as construction, clean energy, banking, and information technology, to propel economic and trade relations between the U.S. and African countries. Meanwhile, the U.S. laid down plans to catch up with Europe and China in terms of influence in Africa in sectors such as infrastructure and production.     

What Has China Brought to Africa?

正Following a series of African leaders conferences in the EU,China,India,and Japan,the U.S.held the fi rst U.S.-Africa Leaders Summit in Washington D.C.from August 4 to6.The high-level meeting saw the announcement of a US$33billion-investment in Africa,in sectors such as construction,clean energy,banking,and information technology,to propel economic and trade relations between the U.S.and African countries.Meanwhile,the U.S.laid down plans to catch up with Europe and China in terms of infl uence in Africa in sectors such as infrastructure and production.     

Ramping-Up Regional Integration

<正>China calls for greater cooperation at a series of East Asia summitsRegional cooperation in East Asia is preparing to enter a new phase,where countries use a series of regional intergovernmental bodies to increase trade,invest in cross-border infrastructure projects,and work     

FLIGHT INFORMATION

<正>Check in With Singapore Airlines, Check out With Paypal Singapore Airlines customers in the United States, Singapore and five other Asia Pacific countries and territories can now pay for their flights with PayPal on singaporeair.com. This facility will progressively be made available to the airline’s customers in up to 17 countries, making this the largest collaboration between PayPal and an Asian carrier to date.     

Asia's Commitment

The global economic downturn is exposing some serious cracks in the Asian financial landscape. A batch of crisis-stricken Asian countries from Cambodia to Malaysia are feeling the pain     

ECONOMY

<正>AIIB Members Expanded Sweden,Israel South Africa,Azerbaijan,Iceland,Portugal and Poland have been approved as prospective founding members of the Asian Infrastructure Investment Bank(AIIB),China's Ministry of Finance said on April 15.The latest approval brings the number of prospective AIIB founders to 57,the ministry said.Productive negotiations have been held among the prospective founders     

New Dreams Bloom on the Ancient Silk Road

正In September 2013,Chinese President Xi Jinping paid state visits to four countries in Central Asia.While in Kazakhstan,President Xi proposed that China join hands with Central Asian countries to build a Silk Road economic belt–again turning the world spotlight onto that ancient trade artery connecting Asia and Europe.The     

PEOPLE & POINTS

正JIN LIQUN REELECTED PRESIDENT OF AIIB Jin Liqun has been elected to a second term as president of the Asian Infrastructure Investment Bank (AIIB) by the bank’s board of governors during its fi fth annual meeting on July