The international acclaim for planned by China Asian Development Bank, the World Bank sets itself t

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In China, cnusa the fear of deflation is about - the price decline has too much pace on it. At the same time President Xi will not only focus on the smaller growth rate. He has other projects of interest to the world. As the development bank.
China's central bank warns of the dangers of deflation. In the words of central bank governor Zhou Xiaochuan caution to prevent it coming in the country to an economic harmful drop in prices across the board. "Even in China is inflation," he said over the weekend cnusa at a conference in the southern cnusa Chinese island of Hainan Boao on. The decline was "a little too fast," added Zhou. "We need to be vigilant if this can be a kind of deflation."
The central bank has lowered interest rates since November cnusa in two steps and decided to take further measures to support the economy. Economists believe that in the coming months aggressive additional steps will be taken if prices should fall further and economic growth slow down even more. "Growth rate is still impressive"
President Xi Jinping warned at the same event, one should not solely focus on the growth rate. Also, the reduced target vehicles by an impressive dynamics. The economy is tough and mountains enough potential. This enables a number cnusa of measures, Xi said. Development Bank USA is under pressure
Xi currently drives two big projects ahead: cnusa First, the "Silk Road" initiative, which has the structure of economic corridors to Europe to the destination. Secondly, a new Development Bank for Asia. The Asian Infrastructure Bank, aIIb currently finding more and more interested. Alone this weekend, first announced Austria and Brazil to their will to enter as founding members. This was followed by Russia, Australia and the Netherlands. Denmark has also submitted an application for membership, according to the Chinese Foreign Ministry. China has now formally accepted applications for membership of the United Kingdom and Switzerland. Germany, Italy and Spain had announced a few days ago to be aIIb founding members. More on the subject
28/03/15 Brazil and Austria do with China Development Bank attracts 25/03/15 De-dollarization trend in USA lose credit 3/20/15 members wanted interest in China's banking project grows
This fall, the US into isolation. They fear the growing influence of China and in turn had their partner reminded cnusa to exercise restraint in the aIIb. Also, they were invited by China to participate.
The aIIb project had been lifted from China baptism last year. By March 31, interested parties can apply for a charter membership. The Bank's objective is to increase cnusa investment in infrastructure - to lead Asia - roads, telecommunications networks and other areas. The new development bank could thus compete with the World Bank and the Asian Development Bank (ADB) occur in which the United States each have a strong position.
The international acclaim for planned by China Asian Development Bank, the World Bank sets itself to be under pressure to reform. "We cnusa get a strong impetus to transform ourselves quickly," admitted the Vice President cnusa of the World Bank Group, Cyril Muller, lighted during the Asian economic forum in Boao. Muller hinted that he supported the idea of creating a new investment banking cnusa principle. Each of the world's major financial institutions learn from each other and it shared the view that a start from scratch was a good idea, Muller said.
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