Big Brother asking for help... will it be sufficient to compensate the well-known risks?
http://www.straitstimes.com/business/chi...-investors
China's top economic planner has pledged tax breaks and smoother regulations for private investors backing infrastructure projects in a bid to inject energy into the lukewarm responses to the schemes.
The announcement by the National Development Reform Commission (NDRC) on Tuesday comes as the world's NO. 2 economy looks to shore up and stabilise growth amid a slowdown caused largely by a property downturn.
Its not so much about innovation but about securing funding to deploy in markets to get around the red tapes... Just look at how Macquarie Bank filed with its small forays into PanU's port and Henan Expressway...
http://www.straitstimes.com/singapore/as...innovation
I reckon, once no political issue involved, the decision can be very fast. The "fast" is probably the biggest selling point, IMO
AIIB vows to be clean, lean, green — and faster than its rivals
WASHINGTON — The incoming head of the new China-led Asian Infrastructure Investment Bank (AIIB) has vowed to run a “clean, lean and green” institution operating to the highest international standards, but with greater speed than its rivals.
Mr Jin Liqun, the president-designate of the AIIB, said it would abide by the toughest environmental and social standards in its lending and model itself in many ways on existing multilateral development banks.
But in an interview with the Financial Times, Mr Jin, a high-ranking former Chinese official who already wears cufflinks etched with the AIIB logo, said it would make decisions much faster than established lenders.
The bank planned to move quickly after its official launch to unveil its first “batch” of projects in the second quarter of 2016.
...
http://www.todayonline.com/chinaindia/ch...its-rivals
(27-10-2015, 10:28 AM)CityFarmer Wrote: [ -> ]I reckon, once no political issue involved, the decision can be very fast. The "fast" is probably the biggest selling point, IMO
AIIB vows to be clean, lean, green — and faster than its rivals
WASHINGTON — The incoming head of the new China-led Asian Infrastructure Investment Bank (AIIB) has vowed to run a “clean, lean and green” institution operating to the highest international standards, but with greater speed than its rivals.
Mr Jin Liqun, the president-designate of the AIIB, said it would abide by the toughest environmental and social standards in its lending and model itself in many ways on existing multilateral development banks.
But in an interview with the Financial Times, Mr Jin, a high-ranking former Chinese official who already wears cufflinks etched with the AIIB logo, said it would make decisions much faster than established lenders.
The bank planned to move quickly after its official launch to unveil its first “batch” of projects in the second quarter of 2016.
...
http://www.todayonline.com/chinaindia/ch...its-rivals
of course they have to be fast else how to get commitment to raise funds... then subsequently red tape will set in... always part of the script.
Philippines is set to join. Who else of major US allies aren't?
Philippines to join China-backed AIIB infrastructure bank
30 Dec 2015 14:00
[MANILA] The Philippines is set to join the China-backed Asian Infrastructure Investment Bank (AIIB), describing it as a "promising institution" that could help accelerate the country's economic growth.
...
REUTERS
Source: Business Times Breaking News