Three major nations absent as China launches World Bank rival in Asia

Discussion in 'International Politics' started by Free Karma, Oct 24, 2014.

  1. Free Karma

    Free Karma Senior Member Senior Member

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    Three major nations absent as China launches World Bank rival in Asia - The Times of India

     
    Soul83 likes this.
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  3. desicanuk

    desicanuk Regular Member

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    Re: Three major nations absent as China launches World Bank rival in A

    Our participation does not do us any good.Its a win win for PRC only.
     
  4. CCP

    CCP Senior Member Senior Member

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    Re: Three major nations absent as China launches World Bank rival in A

    I hope they can join the family soon.
     
    Last edited: Oct 25, 2014
  5. pmaitra

    pmaitra Moderator Moderator

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    Re: Three major nations absent as China launches World Bank rival in A

    From the quote in OP:

    I welcome the idea of AIB requiring to meet international standards of governance and transparency, and I strongly urge Secretary Kerry to demonstrate to the world the standards of governance and transparency maintained with regards to the gold bullion that is supposed to back up the US Dollar following the Bretton-Woods Agreement.

    I have concerns about the ambiguous nature of the way the Federal Reserve has been functioning, and this, I express publicly.
     
  6. Ray

    Ray The Chairman Defence Professionals Moderator

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    Re: Three major nations absent as China launches World Bank rival in A

    What will be important is rationality in areas such as governance and safeguard issues.
     
  7. Soul83

    Soul83 Regular Member

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    Re: Three major nations absent as China launches World Bank rival in A

    Chinese are the first non-whites to rule the world, i approve it. I like chinese.
     
  8. sorcerer

    sorcerer Senior Member Senior Member

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    Re: Three major nations absent as China launches World Bank rival in A

    "US Has Screwed Up Its Approach To China's AIIB" Former US Secretary Of State Blasts
    With at least 46 nations now agreeing to join the China-led Asian Infrastructure Investment Bank (AIIB), the writing could perhaps be on the well for the dollar. And to make matters worse, this week saw former U.S. Secretary of State Madeleine Albright, rant that "\The United States has "screwed up" on its way to deal with the China-proposed AIIB and "should not have done in this way."

    http://www.zerohedge.com/news/2015-...-chinas-aiib-former-us-secretary-state-blasts
     
  9. amoy

    amoy Senior Member Senior Member

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    Re: Three major nations absent as China launches World Bank rival in A

    For a while I thought it regretable not to have Japan in.

    Based on this formula, Japan could be the second largest shareholder of the bank after China if it chooses to join as a founding member. So AIIB would be better without Japan. Japan can continue to cling to ADB where it's the big brother along with America :namaste:

    China can dominate with min. 30% share. Not bad an outcome.
     

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