China plans investment bank to break World Bank dominance, gets 100 Billion $

[OCguy]

I bet they gonna lose all their investment

Impossible. If you are speaking only of the capital (money), they already consider it gone. The investment is in the influence and stature in developing countries that the money buys.

The last thing anyone is trying to do with a development fund or system is earn more money. The goal is to make a country feel indebted to you, and/or grateful for the investment. That is worth far more than $100Billion.

 

[Jlaw]

They gonna invest it all in africa and so they will lose it all

Africa is more wealthier than India with many untapped natural resources. I bet on Africa over India in the future, sorry to say this.

China is already one of the biggest investor in Africa as of now.

 

[jammersat]

That was my gut feeling , sorry if it stinks , china is obsessed with africa like they're gonna be the next nazi germany or something...

 

[Götterdämmerung]

That was my gut feeling , sorry if it stinks , china is obsessed with africa like they're gonna be the next nazi germany or something...

Hmmm, how did the Nazi thing slip into this? Godwin's Law strikes again?

 

[OCguy]

Hmmm, how did the Nazi thing slip into this? Godwin's Law strikes again?

For those unfamiliar with this theory:

 

[jammersat]

Hmmm, how did the Nazi thing slip into this? Godwin's Law strikes again?

i wanted to say great britain , but i doubt the chinese want to be like britain , don't you agree with me on that? pamela anderson?

 

[Götterdämmerung]

i wanted to say great britain , but i doubt the chinese want to be like britain , don't you agree with me on that? pamela anderson?

How is China going to be like the UK? You need to elaborate on what you write instead of just throwing buzzwords into the discussion.

 

[OCguy]

How is China going to be like the UK? You need to elaborate on what you write instead of just throwing buzzwords into the discussion.

Imperialism genocide oil Stalin Baywatch!

 

[jammersat]

How is China going to be like the UK? You need to elaborate on what you write instead of just throwing buzzwords into the discussion.

i mean if they ever gonna foment an empire they wish they were the nazis and not the british ?.... as in the empire they say in the news they're hell bent on

 

[Götterdämmerung]

Imperialism genocide oil Stalin Baywatch!

I like the Babewatch part.

i mean if they ever gonna foment an empire they wish they were the nazis and not the british ?.... as in the empire they say in the news they're hell bent on

Really? Sources please!

 

[Edison Chen]

China invites Korea to join Asian Infrastructure Investment Bank

China has invited South Korea to join a project that involves setting up a new multilateral investment bank to fund infrastructure projects in Asia.

The Chinese government recently requested for the Seoul government to consider taking part in the new institution, tentatively named the Asian Infrastructure Investment Bank, sources close to the matter said.

Beijing is hoping Seoul will accept the invitation and agree to participate during the first official visit by Chinese President Xi Jinping to Seoul this week, according to the sources.

It appeared that Seoul has yet to make up its mind on Beijing’s offer, despite the fact that the partnership could give it more say and influence within the new international bank.

The establishment of the bank was not mentioned in the joint statement issued by the two leaders on Thursday.

Experts say participation in the infrastructure investment bank could help South Korea prepare for a possible reunification of the two Koreas, which would require a massive amount of funds for infrastructure.

They also added, however, that the U.S. remains a major obstacle barring the nation’s participation in the China-led project. South Korea’s main ally has reportedly expressed “deep concern” about Seoul’s participation, which it views as being a part of efforts by Asia’s biggest economy to reshape the global financial architecture to ensure its power and interests are reflected.

Some also claim that the new multilateral bank will rival established institutions, including the World Bank and the Asian Development Bank, that are under the sway of the U.S. and Japan.

Meanwhile, Presidents Park Geun-hye and Xi Jinping agreed Thursday to allow direct transactions between the won and the yuan. They also agreed to designate a clearing bank in Seoul for overseas trading of each other’s currencies, following their summit in Seoul.

Up until now traders had to use the U.S. dollar as an intermediate currency, which adds to transaction coasts.

To set up the yuan clearing and settlement arrangements, the Bank of Korea signed Thursday a memorandum of understanding with the People’s Bank of China, the BOK announced.

In addition to the direct-trade deal, China also agreed to grant South Korean financial institutions quotas worth a total of up to 80 billion yuan ($12.87 billion) for investing in China’s domestic capital market.

The deal, signed under China’s Renminbi Qualified Foreign Institutional Investor scheme, will allow Korean financial institutions to invest in Chinese stocks, bonds and money-market products, according to the joint-statement issued Thursday.

By Oh Kyu-wook (596story@heraldcorp.com)

China invites Korea to join Asian Infrastructure Investment Bank
Asian Infrastructure Investment Bank will guide capital - People's Daily Online
Japan reluctant to join China-led investment bank | The Japan Times
China starts work on $50 bln Asia infrastructure bank| Reuters

 

[Zsari]

They gonna invest it all in africa and so they will lose it all

No worries. Africa has enough resources to be used as collateral.