IMF happy to cooperate with China-led infrastructure fund March 23, 2015 THE International Monetary Fund will be “delighted” to cooperate with the China-led Asian Infrastructure Investment Bank (AIIB), said IMF managing director Christine Lagarde yesterday. Lagarde added that there is “massive” room for cooperation with AIIB on infrastructure financing. The World Bank will also cooperate with the AIIB, Lagarde told a conference in Beijing. Her comments [...]
China is hot on the heels of US and Russia in arms export league March 16, 2015 China has become the world’s third largest exporter of arms after the US and Russia, according to a new report, accounting for five per cent of the overall total. China overtook Germany, France and the UK in exporting weapons between 2010 and 2014, said the Stockholm International Peace Research Institute (Sipri). Pakistan, Bangladesh and Myanmar, [...]
The US and Russia still dominate arms exports, but China’s catching up March 16, 2015 The US is still the world's biggest exporter of arms, according to research by the Stockholm International Peace Research Institute (SIPRI). Our western neighbour currently was responsible for 31 per cent of all exports across the world between 2010 and 2014, followed closely by Russia with 27 per cent. All other nations fell a [...]
The UK is backing China’s Asian Infrastructure Investment Bank, and Washington isn’t happy about it March 12, 2015 Britain has become a founding member of the Asian Infrastructure Investment Bank, and the US is far from impressed. The financial institution poses a threat to western rivals such as the World Bank, and the White House has accused the UK of “constant accommodation” of China according to the FT. The bank was set [...]