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"The AIIB is a very important m

in BullyGeister 26.10.2018 08:15
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BEIJING Wholesale Domantas Sabonis Jersey , March 23 (Xinhua) -- Despite a slight slowdown, China's economic growth will be more sustainable and benefit companies like Caterpillar, said Doug Oberhelman, chairman and CEO of U.S.-based construction and mining equipment manufacturer Caterpillar.


With the development of the Chinese economy, it is inevitable for the world's second largest economy to transit to a "new normal" period, Oberhelman said Monday in Beijing at a ceremony celebrating the 40th anniversary of its entry into the Chinese market.


China's gross domestic product (GDP) expanded 7.4 percent last year, its slowest pace since 1990.


A moderated economic growth rate will have positive implications in the long run and it will be conducive to China and the rest of the world, he said.


"There is still a long way for China to go" in developing its economy, as about 200 million Chinese people are still living in poverty, said Oberhelman, adding that the company is supporting China's sustainable growth in sectors like infrastructure, energy saving and emission reduction.


China's proposals to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road, known as the "Belt and Road" initiatives, are "exciting" news, as they are creating the "single biggest construction project in the history of the planet" with a combined population of 4.4 billion along the belt and road, he said.


XICHANG, Sichuan Province, Nov. 6 (Xinhua) -- New, ultra-accurate rubidium atomic clocks on board two BeiDou-3 satellites launched into space Sunday have greatly improved the accuracy of the system.


The two satellites are equipped with more reliable rubidium atomic timekeepers than those in previous BeiDou satellites. According to Yang Changfeng, chief designer of the satellite system, their stability was as high as E-14. "It means only one second of deviation in 3 million years," he said.


Important payloads of the navigation satellites, atomic clocks are the workhorses which synchronize the signals that allow satnav receivers to triangulate their position on Earth.


"The stability of the new-generation clocks has been improved by 10 times, compared with those carried by BeiDou-2 satellites," said Qu Yongsheng from the China Aerospace Science and Technology Corporation fifth research institute, Xi'an branch, developer of the clocks.


Qu said this new technology has raised the positioning accuracy of the BeiDou-3 to 2.5 - 5 meters from 10 meters in the past.


Named after the Chinese term the Big Dipper constellation, the BeiDou project was formally initiated in 1994, began to serve China in 2000 and was expanded across the Asia-Pacific region at the end of 2012.


BeiDou is intended to become a global positioning and navigation system by around 2020.




BOAO, Hainan, March 27 (Xinhua) -- The Republic of Korea and Turkey have announced their decision to join the Asian Infrastructure Investment Bank (AIIB), the latest batch of wait-and-see countries to join as the application deadline draws close.


The move brought the number of countries and regions to apply as founding members for the China-proposed international lending institute to 37 as of Friday.


On Friday, China' s Ministry of Finance welcomed the decision and said the ROK will become a founding member by April 11 if other members approve.


The ROK and Turkey are part of an emerging wave of countries joining the AIIB which was started by Britain, who unexpectedly filed its application on March 12.


The bank now has 27 prospective founding members with the rest waiting for two-week approval, the ministry said.


The AIIB originally had 21 founders including China, India and Singapore which signed a Memorandum of Understanding (MoU) on the establishment of the bank last October in Beijing.


No western government was involved at that time.


The ice was broken on January 1, when New Zealand was officially approved as a founding member, the first developed economy to join. However, most developed economies remained uninvolved until Britain joined.


Since then France, Germany, Italy, Luxembourg and Switzerland have decided to join.


"It is good to see so many countries all over the world are joining, Asian countries and European countries," Hans-Paul Burkner, Chairman of the Boston Consulting Group, said on Friday during an exclusive interview with Xinhua, describing the trend as a very positive development.


But the United States and Japan, leaders of the World Bank and the Asian Development Bank (ADB) remained indifferent.


The Unite States has been too slow in accepting the necessity of the AIIB in the Asian world, Leo Melamed, the founder of global financial futures markets, said during the Boao Forum for Asia (BFA) Annual Conference 2015 held in Boao, a coastal town in south China's Hainan province.

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"The AIIB is a very important move by Asia. I applaud that move. And it's necessary there is a development bank like such for the Asian world, whose economic volume is at least a third of the whole planet," said Melamed, Chairman Emeritus of the Chicago Mercantile Exchange.


The AIIB will be an international financial institution providing support to infrastructure projects in Asia, and is expected to be established by the end of this year.


Burkner said there is enormous need for infrastructure investments around the world and particularly in Asia with fast growing population, which is not possible for the World Bank or the ADB alone to satisfy.


"It also means more momentum in infrastructure investment, there will be cooperation and also some healthy competition with the ADB and the World Bank," he said.


Burkner also dismissed concerns on the AIIB' s governance and transparency.


"The more countries that participate, the more China allocates different roles and responsibilities," he said, noting the . http://wholesaleauthenticjerseyscollege.com/ Cheap Jerseys China Cheap Jerseys Wholesale Cheap Jerseys China Free Shipping Cheap Basketball Jerseys Cheap Sports Jerseys Cheap Jerseys Free Shipping Wholesale NHL Jerseys Cheap MLB Jerseys Wholesale Authentic Jerseys

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