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Asian investment bank should be noted that the early establishment of a thing | investment bank | internal divisions
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US presidential envoy to visit China,louboutin mary jane, to discuss the United States to join Asian Infrastructure Investment Bank issues. However, as one can see, the US special envoy failed. The reason this happens is because the founding member of the Asian investment bank has established the basic rules of Asian investment bank,?armani occhiali da vista, if the United States inconsiderate, trying AIIB enjoys a dominant position, then,louboutin pas cher, in all planning means AIIB must tear down the heavy , this is unacceptable to China, also a founding member of the other can not be tolerated.
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Asian investment bank decided to change the irrational international financial order, to establish equal but differentiated rights and obligations system, emphasizing Asian investment behavior of Asian infrastructure services,louboutin, not only have a clear goal of the service, and commitment to build a more equitable decision-making mechanisms and institutions of governance, This makes the United States and other Western countries see AIIB potential competitiveness.
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Change the irrational international financial order can not be achieved. The establishment of Asian investment bank,givenchy occhiali da vista, but in developing countries change the irrational international financial order attempt it. Asian investment banks in order to play its role, must also be a US-led international financial organizations,louboutin, therefore, in the short term, the world financial order will not fundamentally change.
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Need special attention, some economists analysts believe that the biggest problem faced by Asian investment banks is that,Occhiali Da Sole, how to form a sustainable profit model. As is known,nike blazer, although AIIB absorb capital,magasin louboutin, however,piumini peuterey, to carry out large-scale investment activities, we must raise additional funds by means of international financial markets. In other words, the same AIIB must have sufficient competitive and commercial banks to raise more capital in the international financial markets for Asian infrastructure. Frankly, this is a very difficult task. Large scale infrastructure investment, relatively long recovery period, if during the operation of the capital cost of capital is too large, or there is a beard in the process of engineering infrastructure,basket louboutin, then,jackor p? n?tet, Asian investment bank will be a huge bad debts and bad debts. From this perspective, the Asian investment bank should not only many friends, funding, while also strengthening project management to ensure AIIB investment projects are duly rewarded.
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I have been involved in bidding supervision work of the World Bank infrastructure projects, the World Bank found that in the bidding process, often taking the simple principle of low bid,parajumpers ugo jacka, which makes a number of Chinese companies use low bid, in the construction process the business strategy to raise its offer complete failure. In order to prevent the World Bank loan projects become unfinished projects, the World Bank often choose local government infrastructure projects as objects and services,louboutin pas cher, and requires local governments to financial guarantee, in so doing we can ensure that the World Bank loan projects carried out smoothly in politics , but also makes sure you get due returns in the economy.
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Asian investment bank to invest in areas of political instability,chaussures louboutin, relatively small financial scale of some countries, how to carry out large-scale infrastructure construction in the political turmoil of the region, and to ensure that funds are invested should return, which is the Asian investment bank must consider problem. If AIIB investments eventually become aid project,?boire de la voir des photos, then the Asian investment bank unsustainable. So, at the beginning of the establishment of the Asian investment bank, it should consider the input-output problem. Absolutely can not wait until after the problem occurs again adjustment rules,escarpins louboutin, as that would lead to internal AIIB split,louboutin soldes, contradictory growing developing countries.
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(The author is president of Independent Institute of Zhongnan University)
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