1. LINE

      Text:AAAPrint
      Economy

      AIIB President Jin: Door will remain open for U.S. to join

      1
      2017-01-16 09:03China Daily Editor: Feng Shuang ECNS App Download
      Asian Infrastructure Investment Bank President Jin Liqun.

      Asian Infrastructure Investment Bank President Jin Liqun.

      One year after opening with 57 charter members, the China-led Asian Infrastructure Investment Bank would still welcome the U.S. to join its ranks, the bank's president Jin Liqun has said.

      "The door will remain open," Jin said in a television interview, when asked whether he expected the U.S. to reconsider becoming a member.

      He said: "We maintain a consistent policy. The AIIB is a multilateral development institution."

      Approximately 30 economies are waiting to join, Jin said at the bank's headquarters in Beijing. The lender, with $100 billion of pledged capital-part of China's push to expand the nation's economic benefits to others, backed nine projects in seven countries last year.

      Before it opened in January 2016, U.S. President Barack Obama rejected joining, only to see several of its closest allies sign up. Now Beijing is preparing for the incoming U.S. administration of Donald Trump, who's already straining ties before taking office on Jan 20.

      Jin, a former deputy finance minister who also has worked at the World Bank and the Asian Development Bank on China's behalf, is still optimistic despite recent tensions.

      He said: "We can work very well together."

      He added that senior officials in the U.S. government, including both Democrats and Republicans, have shared with him their praise for the new institution.

      He said: "I'm encouraged by the very positive comments on the AIIB."

      The AIIB got a boost last year when the UK, Germany, France and Italy became members. Other U.S. allies such as Australia, South Korea and Canada also joined, leaving the U.S. and Japan as the only nations to hold off joining.

      The AIIB's inaugural projects ranged from a slum upgrading project in Indonesia to a new pipeline linking gas fields in Azerbaijan to markets in southern Europe, via Turkey.

      The bank lent $1.73 billion in 2016, exceeding an earlier target of $1.2 billion. Jin said 75 percent of the bank's projects so far are proposed and co-financed with existing lenders, including the Washington-based World Bank, Manila-based ADB and London-based European Bank for Reconstruction and Development, while AIIB staff selected the remainder.

      The AIIB will continue to collaborate closely with those other multilateral lenders while beefing up its own capability and working to increase its disbursements, according to Jin.

      "The pipeline is getting bigger," and the bank's priority is to "have a better balance across the regions, countries and sectors," he said.

      Jin, one of the first postgraduate students to study English literature after China's cultural revolution (1966-76), is fluent in English and French and translated The House of Morgan, a book on the JP Morgan empire by U.S. author Ron Chernow, into Chinese in 1996. He also served as supervisory chairman of the country's sovereign wealth fund.

      Now, he said, he's confident the country's economy will fare well during its transition to new drivers of growth.

      He said: "China is faced with a number of challenges, particularly restructuring the economy, moving from excessive dependence on external sectors to domestic consumption, and improving the efficiency of the Chinese economy, not aiming at simply the numbers of the growth."

      Factories and services activities capped a year of strengthening across several indicators. But under the hood, risks remain: Increasing pressure on the yuan, rising capital outflows and concern Trump may make good on threats of punitive measures against China's exports.

      Foreign reserves fell for a sixth month in December, bringing the 2016 drop to $320 billion. The government has recently announced new measures, including extra requirements for citizens converting yuan into foreign currencies.

      Jin said: "Some measure to address this issue in my view probably is necessary. I hope things would stabilize very soon, and panicking on part of investors would disappear." He said the global economic outlook this year is more positive than last year.

      "If you look at the short-term cyclical recovery, and long-term trend, these two factors seem to be doing pretty well," Jin said.

      "That would in my view favor infrastructure investment both in emerging market economies and in developed countries, which in turn will help sustain growth. It is gratifying to learn that even in the U.S., they would like to spend more money on infrastructure."

        

      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: 在线观看亚洲精品国产| 在线亚洲97se亚洲综合在线| 久久亚洲精品国产精品黑人| 一级毛片视频免费| 成人亚洲综合天堂| 一级毛片aaaaaa视频免费看| 久久精品国产精品亚洲艾草网美妙 | 亚洲国产品综合人成综合网站| 无码国产精品一区二区免费16 | 亚洲AV日韩精品久久久久久 | 亚洲av中文无码乱人伦在线r▽ | 在线a免费观看最新网站| 7777久久亚洲中文字幕蜜桃| 国产曰批免费视频播放免费s| 亚洲激情视频网站| 啦啦啦中文在线观看电视剧免费版 | 免费一级毛片在线播放视频免费观看永久| 日韩免费a级在线观看| 曰批免费视频播放免费| 亚洲熟妇无码AV在线播放| 国产免费一区二区三区不卡| 久久精品亚洲综合一品| 在线看片韩国免费人成视频| 国产成人亚洲综合网站不卡| 免费观看国产精品| 中文字幕在线免费看线人| 亚洲日本国产精华液| 日本免费人成黄页在线观看视频| free哆拍拍免费永久视频| 亚洲AV日韩精品久久久久| 67194成手机免费观看| 亚洲精品无码久久久久A片苍井空| 国产成人免费A在线视频| 中出五十路免费视频| 亚洲免费黄色网址| vvvv99日韩精品亚洲| 午夜免费福利片观看| 亚洲av午夜国产精品无码中文字| 亚洲日产无码中文字幕| 久久久久久99av无码免费网站| 一级特黄色毛片免费看|