2016年CRI AIIB to Spur Global Infrastructure Investment

 

Chinese Finance Ministry¹ official Zhou Qiangwu says the Asian Infrastructure² Investment Bank will benefit developing countries, as it can work with existing lenders to stimulate³ the current global economic governance structure.

Zhou says the AIIB will make an effort to mobilize more resources at a lower cost.

"The AIIB needs to create project pipelines⁴ as soon as possible so as to select high-quality projects with demonstrable effects once the bank starts operation. These projects should meet policy requirements and standards such as social and environmental standards; they should also match the practical needs of Asian countries; deliver both economic and social benefits; and properly balance project efficiency and quality with debt sustainability."

Liu Dongming is a senior researcher from the Chinese Academy of Social Science.

He talks more about the initial projects that the newly-established bank will focus on.

"The AIIB devotes itself to infrastructure investment, so I suppose at the beginning, the AIIB will focus on these fields: energy, transportation, and urbanization. In particular, cross-border infrastructure investment is also a key area for the AIIB."

Mark Boleat is chairman of the Policy and Resources Committee of the City of London Corporation.

The British financial expert says the AIIB provides a good opportunity for exporting his country's rich expertise⁵ and seizing a bigger market.

"But what it will be doing is adding substantial volume to the available capacity. So we would expect to see accelerated development of major infrastructure projects. Projects that might not have happened at all will happen or projects that might have happened in 20 years time happen in 5 years time."

China proposed the creation of the AIIB back in 2013 and it was formally approved last year, with 57 nations joining as prospective⁶ founding members. A ceremony to inaugurate the new lending institution will be held in Beijing on January 16th.

According to the Chinese Foreign Ministry, Chinese President Xi Jinping and Premier⁷ Li Keqiang will attend activities marking the opening of the bank on Saturday.

For CRI, I'm Guo Yan.

1 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

2 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

3 stimulate   

vt.刺激，使兴奋；激励，使…振奋

参考例句：

• Your encouragement will stimulate me to further efforts.你的鼓励会激发我进一步努力。
• Success will stimulate the people for fresh efforts.成功能鼓舞人们去作新的努力。

4 pipelines   

管道( pipeline的名词复数 )； 输油管道； 在考虑（或规划、准备） 中； 在酿中

参考例句：

• The oil is carried to the oil refinery by pipelines. 石油通过输油管输送到炼油厂。
• The oil carried in pipelines. 石油用管道输送。

5 expertise   

n.专门知识(或技能等)，专长

参考例句：

• We were amazed at his expertise on the ski slopes.他斜坡滑雪的技能使我们赞叹不已。
• You really have the technical expertise in a new breakthrough.让你真正在专业技术上有一个全新的突破。

6 prospective   

adj.预期的，未来的，前瞻性的

参考例句：

• The story should act as a warning to other prospective buyers.这篇报道应该对其他潜在的购买者起到警示作用。
• They have all these great activities for prospective freshmen.这会举办各种各样的活动来招待未来的新人。

7 premier   

adj.首要的；n.总理，首相

参考例句：

• The Irish Premier is paying an official visit to Britain.爱尔兰总理正在对英国进行正式访问。
• He requested that the premier grant him an internview.他要求那位总理接见他一次。