George Osborne, chancellor of the

    • 215 posts
    July 16, 2018 2:22 AM EDT

    BEIJING [url=http://www.ottawasenatorsteamstore.com/adidas-christian-jaros-jersey]http://www.ottawasenatorsteamstore.com/adidas-christian-jaros-jersey[/url] , March 14 (Xinhua) -- The UK's decision of becoming a founding member of the Asia Infrastructure Investment Bank (AIIB) is a good sign to further consolidate the international cooperation in infrastructure investment.

     

    George Osborne, chancellor of the Exchequer of Britain, said that the AIIB fills an important gap in providing finance for infrastructure in Asia, and joining the AIIB at the founding stage will create an unrivalled opportunity for the UK and Asia to invest and grow together.

     

    The remarks reflected a tendency for a more constructive attitude towards China's effort in playing a bigger role in the world's economic restructuring.

     

    China has confirmed Britain's decision and is seeking the opinions of other founding countries, the country's Finance Ministry said.

     

    Despite a multinational presence within the AIIB, the United States somehow believes its efforts in pooling capital - in other words, contribution to job creation and economic growth - are worrying.

     

    Viewing the initiative from its own perspective, Washington once again puts its own concern beyond the interests of others - including some of its allies.

     

    In response to U.S. concern that the new institution should incorporate the high standards of the World Bank, expressed after Britain's announcement to join the AIIB, Foreign Ministry spokesman Hong Lei said the bank will strive to meet international criteria.

     

    "The AIIB will complement existing multilateral development banks and support the infrastructure and economic development in Asia. Britain's move will further promote the common development of Asian countries, " Hong said at a daily news briefing on Friday.

     

    He said AIIB's operation and governance will be open, transparent, inclusive and responsible.

     

    The World Bank also welcomes Britain's application to be a founding member of the China-proposed AIIB and it has prepared to help such multilateral development banks.

     

    "Simply for the need for more infrastructure spending, there is no doubt that we welcome the entry of the AIIB," said the World Bank Group President Jim Yong Kim in Tokyo on Friday.

     

    As a major infrastructure equipment exporter, China has been pooling effort to provide badly-needed funds to infrastructure construction, a hindrance to many countries' development. BRICS countries alone have about 1 trillion U.S. dollars each year in infrastructure needs, according to World Bank's statistics. Such funding gaps also exist elsewhere.

     

    Britain should be in at the start of the new bank, ensuring that it operates in a transparent way, Osborne said.

     

    This kind of engagement with China, hopefully, will become more prevalent in the years to come, as the country is eyeing on more international cooperations including the AIIB and the Silk Road Economic Belt.

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    LOS ANGELES, July 5 (Xinhua) -- The Los Angeles 2024 organizers will go into the Candidate City Briefing in Lausanne with more confidence after their games concept praised by the International Olympic Committee (IOC) Evaluation Commission in a report published on Wednesday.

     

    LA 2024's sustainable, low-risk Games Plan and its potential to help the Olympic and Paralympic Movements engage with the next generation underlines the US bid's alignment with the IOC's Olympic Agenda 2020 reforms.

     

    The IOC Evaluation Commission report identifies a broad range of areas where LA 2024 has integrated the goals and principles of Olympic Agenda 2020 into its Games Plan, particularly the new philosophy described in Recommendation that ""present an Olympic project that best matches (the Candidate City's) sports, economic, social and environmental long-term planning needs.""

     

    ""LA 2024 set out to redefine Olympic sustainability, guided by the IOC' s Olympic Agenda 2020 reforms, and we are delighted that our efforts have resonated so clearly with the IOC Evaluation Commission,"" said LA 2024 Chairman Casey Wasserman in a statement.

     

    ""With no permanent venues to build and overwhelming public support, LA 2024 can concentrate on putting the best assets of the top global sports and entertainment market to work for the Olympic and Paralympic Movements. We think that makes Los Angeles an ideal Olympic city and an ideal partner for the IOC right now,"" he added.

     

    ""All of us at LA 2024 will go into the Candidate City Briefing in Lausanne full of confidence after the Evaluation Commission's endorsement of our Games Plan. Under Olympic Agenda 2020, the Candidature Process has become a collaborative dialogue, including an open and productive discussion during the Evaluation Commission's visit, which has helped us plan Games that are right for our city and the IOC,"" said LA 2024 CEO Gene Sykes.

     

    The report highlights that LA 2024 requires no additional permanent construction, with all venues either temporary, planned by private investors or already hosting elite sport today. The result is a Games Plan that minimizes risk while promising an outstanding experience for every participant.

     

    The IOC Evaluation Commission indicates that LA 2024 is ""prepared to put its storytelling skills, creative energy and cutting-edge technologies to thrill and inspire the world."" The report also states, ""As one of the entertainment capitals of the world, Los Angeles would host an unforgettable Olympic celebration should LA 2024 win the right to host the Games.""

     

    The IOC Evaluation Commission finished its official visit to Los Angeles in May after touring all proposed venues for the 2024 Olympics Games. Los Angeles and Paris, the other remaining candidate city for the world's largest quadrennial sporting event, have entered a crucial phase ahead of their presentations to IOC members in Lausanne, Switzerland on 11 and 12 July. The final vote will take place during the 131st IOC Session on 13 September in Lima, Peru.

     

    Xi says China supports EU to be ""united, stable, prosperous,.