Category Archives: Wayan

International Press Review, by The French Saker

Source: The French Saker

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  1. Asia

China is still working hard this week to weave its new international network. Most of its investments are in infrastructure, which means China is seeking long term economic profitability within a long term diplomatic policy. This in sharp contrast with the way western countries are managing their economy and diplomacy in a search of short term profits, by the way letting its own basement crumbling

China pledges $11.5 billion to Mekong region countries: Xinhua (AFP, English, 21/12/2014)

China will provide more than $11.5 billion in loans and aid to neighboring Cambodia, Laos, Myanmar, Thailand and Vietnam, mostly for infrastructure and industrial capacity building, state media said Saturday.

Chinese Premier Li Keqiang pledged $1 billion in funding for infrastructure, $490 million aid for poverty reduction, and $10 billion in “special loans”, the official Xinhua news agency said.

Xi satisfied with breakthrough of China-Thailand railway cooperation (Xinhua, English, 23/12/2014

China and Thailand signed two MoUs on railway cooperation and agricultural trade in Bangkok last Friday during Chinese Prime Minister Li Keqiang’s visit.

The MoU on railway cooperation allows China to invest in two dual-track rail lines in Thailand that will span 734 km and 133 km, connecting northeast Thailand’s Nong Khai province, Bangkok and eastern Rayong province.

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China Launches Asian Infrastructure Investment Bank (AIIB), by Wayan

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The Chinese government just launched a new bank, whose goal is to balance the financial power of the Asian Development Bank (ADB). This financial structure has been called the Asian Infrastructure Investment Bank (AIIB) after decisions taken during the last July BRICS summit held in Brazil.

Even if important for the economic world, it has seldom been reported by the western media, even by the specialists. So we felt this press review about the Chinese initiative could be of interest.

From the Chinese government side that decision could be seen as a quick and useful way to get rid of the American dollar savings that are burning its fingers hands.

The first public reference to the idea goes back to Xi Jinping’s last visit to Indonesia to attend the October 2013 APEC summit in Bali:

Besides celebrating a flourishing bilateral trade relationship, and becoming the first foreign leader to make a speech in Indonesia’s parliament, he surprised his hosts (and even some of his own officials) with the announcement of a new proposal. This is for an “Asian infrastructure bank”.

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