BEIJING
Tarik Cohen Bears Jersey , Jan. 16 (Xinhua) -- The Asian Infrastructure Investment Bank (AIIB), a China-initiated multilateral bank, started operational on Saturday, marking a milestone to reform global economic governance system.
Representatives of the 57 prospective founding countries gathered in Beijing for the AIIB opening ceremony in the downtown Diaoyutai State Guesthouse. Chinese President Xi Jinping made a speech.
With joint efforts of all the members, the AIIB will become "a professional
Adam Shaheen Bears Jersey , efficient and clean development bank for the 21st century" and "a new platform to help foster a community of shared future for mankind" to make new contribution to prosperity of Asia and beyond and lend new strength to improvement of global economic governance, Xi said.
During the ceremony, Chinese Finance Minister Lou Jiwei was announced to be elected as the first Chairman of the AIIB Board of Governors. Jin Liqun was elected as the first AIIB President.
China vowed to contribute 50 million U.S. dollars to the project preparation special fund to be established soon, to support the preparation for infrastructure development projects in less developed member states.
The AIIB will promote infrastructure related investment and financing for the benefit of all sides, Xi said
Mitchell Trubisky Bears Jersey , keeping Asia's enormous infrastructure development demand in mind.
Statistics from the Asian Development Bank (ADB) show that between 2010 and 2020, around 8 trillion U.S. dollars in investment will be needed in the Asia-Pacific region to improve infrastructure.
Xi expected the China-initiated institution and other existing multilateral development banks to complement each other for mutual strength and cooperate on joint financing, knowledge sharing and capacity building.
Global leaders extended congratulations to the opening of the multilateral development bank.
"The ADB will cooperate closely with AIIB in supporting the development of the Asia Pacific region," said ADB President Takehiko Nakao in a congratulatory message to the opening of the AIIB.
"We will cooperate closely to provide support and constructive suggestions for the AIIB development," said Yoo Il-ho
Anthony Miller Bears Jersey , deputy prime minister of the Republic of Korea at the opening ceremony.
China's Vice Finance Minister Shi Yaobin said in an interview with Xinhua that China does not intend to apply for financial support from AIIB in the initial stage.
The AIIB was proposed by President Xi Jinping in October 2013. Two years later, the bank was formally established as the Articles of Agreement took effect on Dec. 25 last year.
As its name suggests, the AIIB will finance construction of infrastructures - airports, mobile phone towers, railways and roads - in Asia.
Amid the evolving trend of the global economic landscape
James Daniels Bears Jersey , Xi expected the AIIB will help make the global economic governance system more just, equitable and effective.
Related:
Full text of Chinese President Xi Jinping's address at AIIB inauguration ceremony
Interview: AIIB to serve new effective multilateral channel for Vietnam, China to communicate, says Vietnamese expert
HANOI, Jan. 16 (Xinhua) -- The Asian Infrastructure Investment Bank (AIIB) will serve as a new effective multilateral channel for Vietnam and China to communicate with each other based on recognized standards
Roquan Smith Bears Jersey , a Vietnamese expert said.
The inaugurating ceremony marking the opening of AIIB will be held in Beijing on Saturday. The series of opening activities will last from Saturday to Monday.? Full story
Spotlight: AIIB to make substantial contribution to global economic governance
BEIJING, Jan. 15 (Xinhua) -- The China-proposed Asia Infrastructure Investment Bank (AIIB), formally established on Dec. 25 last year, is set to begin operating following an inauguration ceremony on Saturday, showcasing the commitment of the world's second largest economy to making substantial contributions to renewed global economic governance.
In 2013
Hroniss Grasu Limited Jersey , Chinese President Xi Jinping, who will address Saturday's ceremony, first proposed the global multilateral financial institution, which has now developed into a 57-member body in just two years, with further enlargement highly anticipated. Full story
Interview: AIIB to benefit closer connectivity
Jonathan Bullard Limited Jersey , comprehensive development of ASEAN
BANGKOK, Jan. 15 (Xinhua) -- "The Asian Infrastructure Investment Bank (AIIB) will significantly promote closer connectivity and more investment opportunities for countries, especially for certain ASEAN countries with limited financial capacity," Wisudhi Srisuphan, the deputy financial minister of Thailand said.
As the top officer who led Thailand's visiting group to take part in the opening ceremony of the AIIB
Eddie Goldman Limited Jersey , Wisudhi praised the roles of the AIIB to promote inequality reduction and inclusive growth for the region.
As we know, Admired luxury designer handbags always come with high price tags. Generally speaking, the asking price may not be affordable for many of us. While, many of us are so eager to get a luxury designer one except spending too much money on it. Therefore comes the new business Replica Handbags. Replica handbags are mostly produced in China and sold all around. You may find a retail shop that sells replica handbags near you or visit hundreds of websites that offer them with great deals. Why you still spend much money even thousands on designer handbags? In fact, buy replica handbags is your smart choice. Some replica handbags of high quality look the same with the original. By the appearence
Kevin White Limited Jersey , you wonotice any difference between them except the price tag. Now you have some extra money to treat yourself to other things you like. These replica handbags can make one appear as striking as one would with the original handbag itself. A replica handbag will help you look and then become more confident when you are at the first date with the nicest guy yo.
Cheap Jerseys Online Cheap Jerseys From China Cheap Jerseys China Cheap Hoddies Cheap Jerseys From China Cheap NHL Jerseys China Cheap New NFL Jerseys Cheap MLB T-shirts Cheap T-shirts Wholesale Soccer Hoodie