China calls on a development bank supported by Beijing to focus more on the lane and road initiative

Peking – Chinese Prime Minister Li Qiang on Thursday called on the Asian Investment Bank Infrastructure to increase support for the Belt and Road initiative in Beijing.

“I hope that AIIB will remain involved in the opening of regionalism and persistent in promoting connection and communication between countries and countries around the world,” said Li in Mandarin through official translation into English.

“It is important to strengthen the synergy between the bank and the Belt and Road initiative and the global development initiative,” Li said, referring to two programs run by Beijing.

His speech at the opening ceremony of the 10th annual meeting of the bank will take place among Pullback of us support In the case of institutions run by the West, such as the World Bank and the International Monetary Fund, which US President Donald Trump claims that it unfairly brings benefits to other nations.

“Prime Minister’s comments signal the constant attempts of China’s use of chaos caused by Trump’s commercial and economic policy,” said Stephen Olson, visiting an older employee of the Institute of Southast Asian Studies and former US trade negotiator.

“China is also very aware that the US is trying to put pressure on countries to deviate from China (as we saw in the British trade agreement) and this is part of its strategy to counteract these efforts,” said Olson We -mail.

Under the Chinese president of XI Jinping, currently in their third term, China introduced in 2013 a regional development program called The Belt and Road Initiative.

The program is widely seen as Beijing’s effort to increase its global influence through Railway development, Sea and other transport routes connecting Asia with Europe and Africa. Critics say the mass infrastructure project in China forced nations developing to take up a high debt Using Chinese companies, often state -owned entities.

XI then announced a wider “global development initiative” in 2021 in order to promote efforts under the leadership of Beijing on relieving poverty, public health and food safety, in accordance with the goals of the sustainable development of the UN.

AIIB announced this week that Zou Jiayi, the former Chinese Minister of Finance, would become his Next president Starting from January. Zou had previously represented China as An alternative governor at the World Bank. The former anti -corruption official is also member From the ruling Central Committee of the Communist Party, the third highest circle of power in the country.

The current president of AIIB, Jin Liqun, served a two -year term from establishing a bank, as well as a former finance minister of the Chinese Vice President.

Indonesia, a member of the founder of AIIB, cooperated with a bank with 14 projects with a total value of over $ 5.1 billion, said the Minister of Finance of the Country, Sri Mlyani Indrawati, in the final speech at the same event on Thursday.

“Indonesia not only generates operational revenues for AIIB, but we [are] Also ensuring extensive experience as well as a strong participation, “said Indvati.

“AIIB is no longer just the emerging bank. It is now a global development force.”

Although the USA is not a member of AIIB, Great Britain, France, Germany is mentioned among 110 Members of the bank run by ChinaLike Russia, Israel, Singapore and Vietnam. China has the largest share in AIIB, having 26.5% of voting.

AIIB grants loans to developing countries, mainly for infrastructure projects, such as water and transport supply. Aiib said about Hein-Heijing Last year, $ 8.4 billion was approved for financing, Increasing the total amount to over $ 60 billion from the moment it was launched in 2016.

On Wednesday, Li called Global business leaders and older government representatives cooperate and avoid transforming trade into political or security. Engaging in the international economy is a way to “transform rules and order,” he said, through official translation into English.

He spoke At the annual conference of the China World Forum, called “Summer Davos”, which took place this year in Tianjin. Li then met with business directors, including the founder and chairman of JD.com Richard Liu.

The Chinese Minister of Trade Wang Wentao and Zheng Shanjie, head of the National Economic Planning Agency, the National Commission for Development and Reform, participated in a speech and meeting with companies on Wednesday.