1. LINE

      Text:AAAPrint
      Economy

      Report on AIIB structure denied

      1
      2015-05-07 08:51Global Times Editor: Qian Ruisha

      No branches, fewer vice presidents, says expert

      A senior expert on the Asian Infrastructure Investment Bank (AIIB) at the Ministry of Finance (MOF) dismissed on Wednesday a media report about a proposed plan to set up regional branches for the AIIB and a team of one president and 10 vice presidents.

      China has proposed an executive system of one president and 10 vice presidents, the China Economic Weekly magazine reported Wednesday, citing unnamed sources close to the matter.

      The report also said the AIIB founding members are considering setting up two branch offices of the AIIB, one in Europe and the other in Asia.

      However, Zhou Qiangwu, chief of the Asia-Pacific Finance and Development Center, said the report was not accurate. Zhou's office, a think tank on international economics, is an affiliated agency under the MOF.

      "There are no plans at present to set up branches, just a headquarters in Beijing. There might be some regional offices in the future, if such a need was agreed upon by all members," Zhou told the Global Times on Wednesday.

      As for the arrangement of AIIB senior management, Zhou said there will be one president, but it is unlikely there will be as many as 10 vice presidents.

      "The AIIB will aim for high efficiency, with keen-witted and capable staff," Zhou said.

      Requests for comment sent to the Ministry of Finance were not answered by press time Wednesday.

      Vice Finance Minister Shi Yaobin said on March 25 that issues concerning the setting-up of regional centers and the appointment of executives are still being discussed.

      Zhou said the draft agreement for the AIIB has been under discussion by all the prospective founding members. The draft is expected to be agreed upon by late May, and in June it will be submitted to the AIIB members for approval. The AIIB will officially be launched somewhere between the end of 2015 and early 2016, Zhou said.

      A meeting was held in Beijing from April 27 to 28 for preparing the draft proposal and another meeting will be held in Singapore in late May, according to the website of the MOF.

      The AIIB, initiated by China in October 2014 to spur infrastructure investment in Asia, has 57 founding members. In contrast, the World Bank and the Asian Development Bank have 28 and 31 founding members, respectively.

      "Things have been complicated as a large number of countries have pledged participation. This was unexpected," Yuan Gangming, a researcher at Tsinghua University's Center for China in the World Economy, told the Global Times on Wednesday.

      More presidents means more voices will be heard, more interests will be taken into account, and there will have to be wider representation. The downside is that it will take more efforts to reach a consensus, Yuan said.

      Di Dongsheng, a research fellow at the international monetary institute under Renmin University of China, noted that the AIIB will not regard making a profit as its primary goal.

      "Its goal is to support and sustain the development of developing economies in Asia. The investment might go to projects that are not favored by commercial banks and with limited yields. However, China's economic restructuring and upgrading will also benefit from more of its investment and industrial capacity heading to global destinations," Di told the Global Times Wednesday.

      The China Economic Weekly report cited experts as saying that there are many contenders to be president of the AIIB, with India showing a special interest.

      "India is very confident it can get the president's post, with Prime Minister Narendra Modi pushing reforms at home. But it is not the only country seeking it," Dong said.

      Yuan did not totally agree with this view. "There is no doubt that the president of the AIIB will be Chinese rather than Indian, since China has taken the greatest risks and responsibilities in the foundation and development of the AIIB."

      "But China will not dominate the AIIB, since China has criticized the US dominance of the World Bank. China will not do a similar thing," Yuan told the Global Times. "The AIIB will give more weight to the opinions and benefits of developing countries."

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 国产精品高清免费网站| 免费视频成人国产精品网站| 国产免费阿v精品视频网址| 免费a级毛片无码a∨性按摩| 亚洲AV无码一区二区乱子仑| 日韩黄色免费观看| 久久久久久亚洲精品无码| 美女被免费视频网站a国产| 久久亚洲欧美国产精品| 日韩免费高清视频| 另类图片亚洲校园小说区| 波多野结衣视频在线免费观看| 无码一区二区三区亚洲人妻| 免费a级黄色毛片| 国产一级高青免费| 亚洲人成在线电影| 国拍在线精品视频免费观看| 亚洲中文字幕乱码一区| gogo全球高清大胆亚洲| 国产自国产自愉自愉免费24区 | 亚洲日韩乱码中文无码蜜桃臀| 91青青青国产在观免费影视| 亚洲av一本岛在线播放 | 亚洲av区一区二区三| 黄色视频在线免费观看| 亚洲国产高清在线| 成人毛片18女人毛片免费| 免费精品视频在线| 亚洲电影免费在线观看| 成人无码区免费视频观看| 视频免费1区二区三区| 久久精品国产99精品国产亚洲性色| 99久久免费国产香蕉麻豆| 亚洲av综合日韩| 亚洲AV无码成人专区片在线观看 | 一级毛片**不卡免费播| 亚洲中文字幕无码爆乳| 国产午夜亚洲不卡| 拨牐拨牐x8免费| 久久久国产精品福利免费| 亚洲色偷偷偷综合网|