The purpose of AIIB is to finance infrastructure projects in the Asia-Pacific region. Germany, France, Luxembourg and the Netherlands, which all border Belgium, got their AIIB applications in much faster.
Relationship between Jerusalem and Beijing is blooming due to China’s growing self-confidence, its understanding that battle against Israel is no longer a uniting factor in Muslim world, and its desire to maintain close ties with a regional power whose crisis with Washington is deepening.
Eight years ago, Pascal Lighting employed about 2,000 workers on a leafy campus in southern China. Today, the Taiwanese light manufacturer has winnowed its workforce to just 200 and leased most of its space to other companies
BEIJING – In February, four years after pressing pause on one of the world’s most ambitious nuclear energy programs, China quietly green-lighted the construction of two new nuclear reactors.
Despite what would be the second-largest contribution after China’s, Japan is concerned that such a fiscal burden will not guarantee it influence in the proposed Asian Infrastructure Investment Bank, given the opaqueness in its governance standards, says the draft government paper, a copy of which was obtained Tuesday.
Under US pressure, Japan now rules out joining China-led investment bank as founding member, but never say never
Japan remains cautious about the prospect of becoming part of the Asian Infrastructure Investment Bank and has yet to get answers from China on questions about the governance of the institution, Finance Minister Taro Aso told reporters.
Strictly speaking, the Asian Infrastructure Investment Bank doesn’t even exist yet. But the Chinese-created alternative to the World Bank and International Monetary Fund is turning out to be extremely important. More than 40 countries have applied to join, almost all of them close U.S. allies
Japanese companies may lose out in infrastructure building work if Abe chooses to remain Obama’s lapdog
Japan has decided to stand back from joining a planned China-led investment bank for now, but risks losing a chance to tap into Asia’s rapidly growing infrastructure market.
US President Barack Obama, (L), Singapore’s Prime Minister Lee Hsien Loong, (2L), Russia’s President Vladimir Putin (2R) and Lee’s wife Ho Ching take their positions for the APEC family photo at the Beijing National Aquatics Center in Beijing on Monday....
Military Encirclement and Global Domination, that’s what Obama’s administration is after. The Pentagon is working to encircle Eurasia and surround the Eurasian Triple Entente composed of China, Russia, and Iran. For every reaction, however, there is a counter-reaction. Neither...