Y****N
发帖数: 8694 | 1 外交胜利，以前也有过，但是都是买来的
这次不一样，是别人主动送钱过来的
1840年以来，这是头一遭吧？ | a*****y
发帖数: 33185 | 2 U.S. Allies, Lured by China’s Bank
The Obama administration, to its embarrassment, has been spurned by Western
allies flocking to a China-led Asian development bank, defying White House
pleas to stand back. In a surprise announcement last week, Britain said it
would become the first Western nation to join the Asian Infrastructure
Investment Bank, a potential rival to the American-led World Bank.
On Tuesday, Germany, France and Italy announced that they would also join
the bank, and Australia and South Korea are expected to follow.
Their decisions were proof that even Europe’s biggest economies, founders
with the United States of the postwar global economic order, cannot resist
the newest gold rush — into China, the world’s second-largest economy and
a major export and investment market.
Funding the new bank is another effort by China to become an even more
dominant influence in the region. The Americans worry that China could
establish a parallel economic order that could weaken the World Bank and its
affiliates and erode already strained international lending standards of
transparency, creditworthiness, environmental sustainability, and concern
for labor and human rights that took decades to put in place.
The British decision, in particular, is an affront to the United States.
Britain has said the decision is in its national interest. With Russian
money drying up because of Ukraine-related sanctions and a drop in oil
revenue, the chancellor of the Exchequer, George Osborne, has courted
Chinese investment in nuclear power plants in Britain. He said the City of
London, a world financial center known for loose regulations, would become
the base for the first clearinghouse for the yuan outside Asia, The Guardian
reported.
By rushing to partner with China, which has one of the most opaque, most
state-driven and least regulated economies, Prime Minister David Cameron of
Britain may hope to resist an American push for controls on speculative
trading and preserve London’s freewheeling ways despite the risk to global
financial stability. He faces re-election on May 7 and is making economic
growth the centerpiece of the campaign.
Continue reading the main story
RECENT COMMENTS
Oscar Ugarteche 2 days ago
Mr Oseyanya got the point clear. At the same timne what Mr Guest says below
id true. ;More so, The WB as an arm of US foreign policy has its...
William 2 days ago
I wonder how our political leaders will react. I hope it's not another
attempt to repeal Obamacare.
Hdo 2 days ago
Lets quote John Maynard Keynes: "Let me first state in my own terms what now
seems to me to be the element of thruth in mercantilist...
SEE ALL COMMENTS
There is also no doubt about Asia’s need for more roads, bridges and other
projects that the new bank is intended to underwrite. China has the world’s
largest foreign reserves (an estimated $4 trillion) and is eager to invest
it overseas. However, Washington and its allies should have handled the
challenge better.
In significant ways, this is a problem of America’s own making. The United
States has urged China to exercise more leadership, but the top posts at the
International Monetary Fund, the World Bank and the Asian Development Bank
have been restricted to Europeans, Americans and the Japanese. Congress
bears considerable blame for refusing to pass legislation to shift voting
power more fairly among I.M.F. member states, including China. China’s move
to create the new development bank is part of the price being paid for that
obstruction.
President Obama has also mishandled the issue. The American position of
opposing the new bank until China accepts certain principles of governance
and lending would have been more effective if the administration had worked
with its allies to produce a set of common principles that could then be
negotiated with the Chinese.
Instead, it seems to have no coherent plan for dealing with the new bank.
American and European officials say they are still pushing China to adopt
international standards, with Britain and Germany demanding senior positions
on the bank’s board. But achieving that goal will most likely be harder
when the Western allies are in a free-for-all dash to join China’s new
venture. | N*n
发帖数: 456 | 3 71年 进联合国接棒成为5大之一，中美建交都不差。
【在 Y****N 的大作中提到】
: 外交胜利，以前也有过，但是都是买来的
: 这次不一样，是别人主动送钱过来的
: 1840年以来，这是头一遭吧？
| t***o
发帖数: 19256 | 4 免费午餐当然人人爱
以前日本搞亚洲开发银行只出资14%就能当老大，都那么多人抢着参加
现在中国出50%，凯子不宰白不宰
【在 Y****N 的大作中提到】
: 外交胜利，以前也有过，但是都是买来的
: 这次不一样，是别人主动送钱过来的
: 1840年以来，这是头一遭吧？
| m*******3
发帖数: 1275 | | a*****y
发帖数: 33185 | | l*********u
发帖数: 19053 | 7 re
【在 N*n 的大作中提到】
: 71年 进联合国接棒成为5大之一，中美建交都不差。
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