Taiwan Rejected from the AIIB
Taiwan's application to the AIIB was rejected as they applied as a stand-alone entity and China does not recognize them as such. China is requiring Taiwan first make their bid for membership though the PRC's Finance Ministry. Taiwanese officials have declined to do so.
Call for China's Compliance to Global Monetary Standards
The Secretary of the US Council on Foreign Relations, Mr. Lew, has called for the AIIB and other "new players" to adhere to the same standards as the World Bank and the IMF. Donald Trump has called for China's compliance to globally accepted standards since the beginning of his presidential campaign and its about time Obama caught up.
Hong Kong's Inclusion in AIIB
China is rumored to be trying to include Hong Kong in the AIIB. The AIIB stands to gain from the inclusion of Hong Kong, as the city has a strong and innovative financial industry. If Hong Kong becomes a member, it may become AIIB's international currency exchange center, where it would specialize in renminbi. Inclusion in the AIIB would have mutual benefits for Hong Kong residents and AIIB members.
"China, Israel vow further parliamentary exchanges"-Xinhua News Agency
Israel and China’s parliamentary bodies have both expressed mutual interest in opening a dialogue about further cooperation between the two nations. Bilateral trade between the countries has increased by almost 5 percent. The nations have agreed to commence free trade talks soon.
"Energy Evolution"-Bangkok Post
In recent years developing countries in Asia have tried to balance cost of electricity with the cost of conservation. As a result, clean energy growth in the region has shown to be more competitive than elsewhere despite a lack of prioritization of environmental concerns within regional agendas. In response to growing regional interest in clean energy development, the Asian Infrastructure Investment Bank has stated that clean energy investment has become a top priority.
Taiwan's application to the AIIB was rejected as they applied as a stand-alone entity and China does not recognize them as such. China is requiring Taiwan first make their bid for membership though the PRC's Finance Ministry. Taiwanese officials have declined to do so.
Call for China's Compliance to Global Monetary Standards
The Secretary of the US Council on Foreign Relations, Mr. Lew, has called for the AIIB and other "new players" to adhere to the same standards as the World Bank and the IMF. Donald Trump has called for China's compliance to globally accepted standards since the beginning of his presidential campaign and its about time Obama caught up.
Hong Kong's Inclusion in AIIB
China is rumored to be trying to include Hong Kong in the AIIB. The AIIB stands to gain from the inclusion of Hong Kong, as the city has a strong and innovative financial industry. If Hong Kong becomes a member, it may become AIIB's international currency exchange center, where it would specialize in renminbi. Inclusion in the AIIB would have mutual benefits for Hong Kong residents and AIIB members.
"China, Israel vow further parliamentary exchanges"-Xinhua News Agency
Israel and China’s parliamentary bodies have both expressed mutual interest in opening a dialogue about further cooperation between the two nations. Bilateral trade between the countries has increased by almost 5 percent. The nations have agreed to commence free trade talks soon.
"Energy Evolution"-Bangkok Post
In recent years developing countries in Asia have tried to balance cost of electricity with the cost of conservation. As a result, clean energy growth in the region has shown to be more competitive than elsewhere despite a lack of prioritization of environmental concerns within regional agendas. In response to growing regional interest in clean energy development, the Asian Infrastructure Investment Bank has stated that clean energy investment has become a top priority.
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