w88 casino News(Reporter Wang Han)2015year6month297850_7904Professor Zhao Zhongxiu, Vice President of w88 casinoAccepted an interview with a Phoenix TV reporter on the impact of the signing of the agreement.
AIIB brings new ideas to Asia’s development
Host: After a long period of communication and negotiation, the agreement for the Asian Infrastructure Investment Bank led by China has been signed and is expected to be officially opened by the end of the year. What do you think is the significance of today's signing?
Zhao Zhongxiu: The signing of w88 casino games login agreement is an important step. It can be said that w88 casino games login will be officially established and put into operation by the end of this year. Because there is today50member states have completed their domestic ratification procedures and formally signed the agreement. According to regulations, there are10countries, and has %50%10121_101532016year1month1w88 casino games login will be put into operation around the next day. This has led to the addition of a new member of the international development agency, which focuses on the development of Asia and uses a new development concept to promote economic cooperation and development. Obviously, this is a very important event internationally.
w88 casino games login will benefit the development of Asia in the medium to long term
Host: How do you think w88 casino games login should learn from the experience of existing multilateral development banks in the future? For example: World Bank, Asian Development Bank.
Zhao Zhongxiu: When w88 casino games login was first established, it was actually a very important support and supplement to the current international financial development system, rather than appearing as a challenger. Therefore, at the beginning of preparations, the World Bank and the Asian Development Bank showed a cooperative attitude. I believe that w88 casino games login will also learn a lot from the World Bank and the Asian Development Bank, and in the process, they are likely to reach cooperation in technology development. At the same time, because w88 casino games login focuses on infrastructure development, it will have more advantages in infrastructure and industrial investment, and it should be more professional in meeting the infrastructure investment needs of member countries.
Moderator: Do you think that after w88 casino games login officially starts operation, can it alleviate the downward pressure on China's economy? And what role can w88 casino games login play in the regional economy in the future?
Zhao Zhongxiu: w88 casino games login’s direct effect on short-term pressure is very limited. Because it takes a certain amount of time for a bank to go from establishment to operation to raising funds. But I am very optimistic about its role in creating new investment opportunities for the development of infrastructure interconnection in Asia in the medium and long term, especially its leading role in industrial development and upgrading. It expands a broader space for economic cooperation and is a great benefit to the Chinese economy. But in the short term, we still have to treat it with a normal mind.
Jin Liqun is most likely to be appointed president of w88 casino games login
Moderator: w88 casino games login has become a reality from the beginning. China will then face the problem of how to guide a complex and multilateral international organization. I noticed that the Western media are also paying attention to and commenting on "what kind of leadership style China will develop." What are your predictions and observations about this?
Zhao Zhongxiu: I think (AIIB) should have done a good top-level design at the board of directors level, so there are27All member countries have actively joined. Compared with the Asian Development Bank, w88 casino games login has gained a fully unanimous understanding. In addition, normal operations are governed by12Directors are responsible for monitoring and management. In this way, in fact, the entire operation is under the management, which is a highly professional, transparent and open way. It can be seen that w88 casino games login has a highly efficient, open and transparent system. In operation, it will bring a breath of fresh air to international development finance. It focuses on development, Asia's infrastructure, and people's livelihood, so it will bring new opportunities and strength to world economic cooperation and a new style.
Moderator: So what do you think of the candidate for president of w88 casino games login?
Zhao Zhongxiu: I think it is a high probability that a senior banker from China will be appointed to the position, because from the beginning of the preparations for w88 casino games login, whether it is the active promotion of the Chinese government or the preparatory work of the secretariat, we have seen that there is a very suitable candidate doing these tasks. It should be said that the establishment of w88 casino games login also demonstrated Mr. Jin Liqun’s personal ability and charm. Therefore, I believe he will receive unanimous approval from all Council members.
China will not arbitrarily exercise its one-vote veto power on w88 casino games login
Moderator: In today’s discussion about w88 casino games login, everyone is paying great attention to the “veto power”. Currently, China has the “veto power” on important matters of w88 casino games login. What do you think about the importance of this "veto power" and how China will use it?
Zhao Zhongxiu: First of all, China will not use the "veto power" lightly, because it is used within the framework of the Board of Directors on some major issues that require a super majority to vote (including the appointment of the president, the adjustment of the ratio of domestic and foreign affairs, etc.). Moreover, member states will conduct full consultations before voting, so we should not simply think that the "veto power" will be used frequently. It should be said that at the operational level, management has the right to decide on projects, and this right is also conferred by the board of directors. Therefore, it is meaningful to apply the "veto power" only on major issues that comply with legal provisions. I do not hope that the "veto power" will be used easily in the future development process, because this shows that there may be inconsistencies in the mechanism design or the issue itself, and members need to reach the greatest possible agreement to promote its subsequent development.
Attachment: Interview video link
http://v.ifeng.com/news/finance/201506/015edb12-7aff-4978-bd8c-af4e06a14c0b.shtml
http://v.ifeng.com/news/finance/201506/014a634b-72da-40f5-9f75-bfd9425cd560.shtml
http://v.ifeng.com/news/finance/201506/01ff202e-db13-44fb-a101-e11f57c744c2.shtml
http://v.ifeng.com/news/finance/201506/0109b2e2-c202-40a7-8e7f-c450d2f8abfe.shtml
