Joined: 26 Apr 2017
|Posted: Tue 29 May - 10:33 (2018) Post subject: Having become the planet's fastest centenarian in 2010
|BEIJING Adrian Dantley Women's Jersey , Dec. 3 (Xinhua) -- Chinese banks are looking to tap the opportunities arising from the huge investment and financing demands in the Belt and Road (B&R) regions, where investors are attracted by the potential of infrastructure and less-developed industries.
"Most countries along the B&R are developing economies that have numerous opportunities in infrastructure, rail transit, urban development, logistics, cross-border e-commerce and other areas Tony Bradley Jersey ," said Hong Qi, chairperson of China Minsheng Bank, a leading joint-stock commercial bank.
Infrastructure financing demand alone will amount to 10 trillion U.S. dollars in the next five years, Hong said at a recent forum.
Betting on these prospects, the Beijing-based lender has signed lending agreements worth over 10 billion U.S. dollars with businesses from more than 30 countries and regions, with more projects financed via public-private partnership in the pipeline.
Minsheng is not the only bank that has strengthened its push in the B&R. Other lenders including the Industrial and Commercial Bank of China and China Everbright Bank have also jumped into action. By the end of 2016 Rudy Gobert Jersey , nine Chinese banks had set up 62 branches in 26 countries and regions along the Belt and Road, data from the China Banking Regulatory Commission showed.
"There are bright prospects for banks to finance the B&R," former Chinese Vice Foreign Minister He Yafei has said.
Proposed by China in 2013, the B&R Initiative aims to build trade and infrastructure networks connecting Asia with Europe and Africa based on ancient land and maritime trade routes. Analysts believe opportunities are sprouting for global businesses to increase their presence and investment in the to-be-booming regions where public facilities still lag behind.
Multilateral lender the Asian Infrastructure Investment Bank and the Silk Road Fund were founded to finance the B&R.
Backed by financial support, investment went up steadily along the B&R. During the first 10 months of 2017, Chinese investors put forward 11.2 billion U.S. dollars in 53 countries and regions along the Belt and Road.
Thanks to the capital pumped in Rodney Hood Jersey , Asian infrastructure is improving rapidly, with transportation networks improved and more public facilities erected, ranging from power stations to hospitals.
"More tangible progress will have been made by 2020," said Zhang Yansheng, a researcher at China Center for International Economic Exchanges, citing railroads and expressways that will stretch to more areas including Southeast Asia and the Mediterranean.
"Investment growth in the B&R will pick up pace in a couple of years Ricky Rubio Jersey , with double-digits compound increase expected in 2018 and 2019," said Robin Xing, Morgan Stanley's chief China economist.
Not only will infrastructure improve, but global trade will also benefit, Xing said. "B&R countries will see a 10-percent increase in their exports in ten years because of Chinese investment as better ports and railways will facilitate cargo flows."
While B&R construction is in full swing, concerns about investment risks also linger mainly due to regional political and economic instability.
Risks facing Chinese state-owned enterprises (SOEs) Pete Maravich Jersey , major investors in the B&R regions, are completely controllable, Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission (SASAC), has said.
Over the last three years, 47 Chinese SOEs supervised by the SASAC have taken part in 1 Karl Malone Jersey ,676 projects in countries and regions along the B&R spanning energy, infrastructure and industrial cooperation. The investment was well-planned and organized, and supervision of the decision-making process has been toughened, Xiao said.
Xing said the risks will be low. "Even if investment amounted to 60 billion U.S. dollars a year...it still only accounts for less than a third of China's current account surplus and around 0.5 percent of the nominal GDP."
JOHANNESBURG, Aug. 18 (Xinhua) -- South Africa's Absa bank and China Development Bank (CDB) on Friday announced the conclusion of a 100 million U.S. dollars Special Facility Agreement to fund small and medium-sized enterprises (SME) in Africa.
Absa is a subsidiary of the Barclays Africa Group. The money will benefit Barclays bank's existing and prospective SME clients across the continent. The 100 million dollars will address the current funding needs, and may be increased in the future to assist with new funding opportunities within Barclays's operations Jonas Jerebko Jersey , both banks said on Friday.
"We are glad to partner with CDB on this landmark transaction, which also echoes the 2017 BRICS theme of Stronger Partnership for a Brighter Future," said Craig Bond, Head of Partnerships, Joint Ventures and Strategic Alliances at Barclays Africa Group Limited.
The funding is expected to assist the African SMEs who face funding shortages. SMEs on the continent have the potential to boost economic growth and create employment.
People mourn for terror attack victims in Barcelona
Extraordinary scenery of Xiamen in SE China
China launches first Internet court in e-commerce hub
New evidence of war crimes by Japan's Unit 731 released
Qiandaohu Lake in China's Zhejiang under stricter protection
Weekly choices of Xinhua photo (Aug. 5 - Aug. 11)
Highlights of multinational drill in Georgia
People mark national Fitness Day around China
CHENGDU, Aug. 16 (Xinhua) -- Tourists to southwest China's Chengdu this summer have a new accommodation choice: dorms offered by a local university at very low prices.
Southwest Minzu University in Chengdu John Stockton Jersey , capital of Sichuan Province, opened its 41 vacant dorms with 164 beds to the public in mid-July.The dorms have hosted more than 700 guests so far. Wholesale Jerseys Free Shipping Cheap Jerseys From China Cheap Sports Jerseys China Cheap NCAA Jerseys China Cheap Hoddies Cheap New NHL Jerseys Cheap NFL Shirts Cheap NBA Hats Cheap Baseball Hoddies Cheap Hats China