www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
World / Reporter's Journal

While US sees AIIB geopolitically, European allies see opportunity

By Chen Weihua (China Daily USA) Updated: 2015-03-23 11:13

For the past week or so, a growing number of US allies in Europe, from Britain to Germany to Italy and Luxembourg chose to defy Washington's warning of staying away from the Asia Infrastructure Investment Bank (AIIB), first initiated by China in 2013.

The European nations plus many Asian nations not only have seen the huge business opportunities in the most dynamic region of the world's economy, they also believe that being part of the bank, by joining as founding members by the March 31 deadline, is a better way to help the bank operate with high standards.

The move by European nations, which are experienced in the banking industry, has been warmly welcomed by China and many others.

While US sees AIIB geopolitically, European allies see opportunity

Christine Lagarde, managing director of the International Monetary Fund (IMF), said on Sunday that the fund would be delighted to cooperate with the AIIB, noting that there was massive room for IMF cooperation with the AIIB on infrastructure finance.

World Bank President Jim Yong Kim expressed the same view earlier. He regards the AIIB as complementary, rather than a rival of the World Bank.

China has repeatedly said that the AIIB will uphold high standards and learn from the best practices from the existing multilateral financing institutions. China also has reiterated that the AIIB will serve the vast needs for infrastructure financing, not for any geopolitical purpose, as some have speculated.

It also stated that AIIB will be complementary to institutions such as the World Bank and Asian Development Bank.

According to ADB, the needs for infrastructure financing in Asia will reach $730 billion from now to 2020, which the ADB and World Bank alone cannot fill.

ADB President Takehiko Nakao said earlier that the bank will explore potential cooperation with AIIB. Nakao was sitting next to Chinese Finance Minister Lou Jiwei in Beijing on Sunday at the China Development Forum 2015, a sign that could be seen as ADB's support for AIIB.

Australia, South Korea and even Japan are considering joining AIIB as founding members, with a decision by Australia likely on Monday when its cabinet meets. All three have been facing great pressure from Washington not to join. But China, rather than the US, is the largest trading partner for all three. Not being part of such a needed financial institution in their own neighborhood does not make sense.

Despite the changing landscape, Washington still sticks to its rhetoric, insisting that it recognizes the huge need for infrastructure financing in the region and that it does not oppose the bank but is concerned whether it will uphold high standards, such as on transparency, labor, the environment and corruption, all of which Beijing has clarified.

US officials from Secretary of Treasury Jack Lew to Export-Import Bank of the United States President Fred Hochberg to State Department spokesman Jeff Rathke repeated Washington's old talking points in the past week.

Jin Liqun, secretary general of the interim secretariat of the AIIB, also proclaimed China's stance again in detail on Sunday at the development forum in Beijing, a message directed at Washington's concerns.

Many US experts believe that Washington's view is a result of the fact that the US will not be able to join AIIB anyway given the potential strong opposition from the Republican-controlled Congress.

The US Congress' opposition to endorsing the IMF reform, which would give emerging economies a bigger say, has angered not only the IMF and almost every other IMF member nation that has approved the reform, but also the Obama administration.

"It's not an accident that emerging economies are looking at other places because they are frustrated that, frankly, the United States has stalled a very mild and reasonable set of reforms in the IMF," Lew told US lawmakers last week in a testimony.

Many experts also believe that Washington's opposition to the AIIB is because it will not join any institution led by China instead of the US. Washington still sees every move by China from a geopolitical viewpoint, a legacy from the Cold War. That contradicts what the US government has advocated publicly: a greater role and responsibility for China in global affairs.

While US sees AIIB geopolitically, European allies see opportunityThe Obama administration has been criticized for its handling of AIIB from early on.

Robert Zoellick, the former World Bank president, US trade representative and deputy secretary of state, was quoted in The Wall Street Journal last week that Obama's approach is "mistaken both on policy and on execution".

"If I had been at the World Bank, I would have tried to embrace the AIIB as a partner," Zoellick said.

The actions taken by US allies in Europe and Asia might be seen as a signal that they are no longer Washington's poodles when it doesn't make sense to them.

Contact the writer at chenweihua@chinadailyusa.com

Trudeau visits Sina Weibo
May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
Ethiopian FM urges strengthened Ethiopia-China ties
Yemen's ex-president Saleh, relatives killed by Houthis
Most Popular
Hot Topics

...
主站蜘蛛池模板: 日本午夜三级 | 国产毛片精品 | 免费看欧美日韩一区二区三区 | 午夜精品尤物福利视频在线 | 三级免费毛片 | 亚洲成人一级 | 国产欧美一区二区成人影院 | 美女曰皮| 99国产精品农村一级毛片 | 久久综合本色宗合一本色 | 日本三级成人午夜视频网 | 九九九九精品视频在线播放 | 三级三级三级全黄 | 免费a级毛片大学生免费观看 | 香蕉伊人网 | 日韩特级毛片免费观看视频 | 美女张开腿让男人操 | 一级 黄 色 片免费 一级aaaaaa毛片免费 | 亚洲视频在线网站 | 国产精品视频免费播放 | 久久96国产精品久久久 | 男人天堂网址 | 女人张开双腿让男人桶爽免 | 狼伊千合综网中文 | 国产精品久久毛片 | 怡红院免费全部视频在线 | 亚洲欧美日韩国产精品影院 | 国内精品久久影视 | 国产综合13p | 成人影院久久久久久影院 | 欧美高清性色生活 | 国产成人免费观看在线视频 | 亚洲成人一级片 | 亚洲精品推荐 | 亚洲黄区 | 日韩国产在线观看 | 毛片视频网站在线观看 | 欧美一区二区高清 | 国产成人一区二区三区在线视频 | 美女综合网 | 欧美成人性色生活片免费在线观看 |