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South Africa appoints Fourth Industrial Revolution commissionRamaphosa will chair the commission, and operational support will be provided by a secretariat of officials. |
April 30, 2019Comments Off on South Africa appoints Fourth Industrial Revolution commissionRead More |
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Xi must convince Europe and others that his flagship economic vision will be fair, inclusive, transparent.
April 25, 2019Comments Off on Analysis: China to roll out Belt and Road 2.0Read More
Economists say this has to happen to boost the Brazilian economy, but the social resistance remains strong.
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April 2, 2019Comments Off on India, Russia discuss ties, military procurementRead More
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57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.