aiib /ndb ...aiib energy paper ..welcome from &-which collaboration summits do sustainable youth need to be connect?

Sunday, October 22, 2017

Photo: Wu Zhiyi/World Bank

As we discussed earlier, the global economy has been regaining strength in recent months, and GDP growth and global trade have been rebounding. China has played an important role.
We expect China’s growth this year to be 6.7 percent – accounting for nearly 30 percent of global growth – with a gradual slowing thereafter. China is on track to meet its growth target for the 13th five-year plan.
China has recognized that sustaining economic growth will require developing new drivers of growth. The 13th Five Year Plan and the Manufacturing 2025 strategy, among others, reflect the government’s determination to seek new drivers of growth, in particular through productivity boosts and innovation
At the request of Premier Li, the World Bank and the Development Research Center of the State Council have been studying possible new drivers and how best to promote them. Here are some key findings from this ongoing work:
In many ways, China’s new drivers of growth are already rapidly changing its economy: 
China’s production structure is quickly moving up the value chain, and the largest contributor to GDP growth is no longer manufacturing, it is the services industry.
Chinese is leading in technologies such as e-commerce, Fintech, high speed trains, renewable energy, and electric cars. Enterprises such as Tencent, Alibaba, Huawai, and Didi Chuxin are already operating at the forefront of global technology.
China’s innovation capabilities are growing rapidly. The country now spends more than 2 percent of its GDP on research and development, more than the average OECD country. This accounts for almost 15 percent of the world’s total, the second highest in the world after the US.
And China’s human capital capabilities are advancing rapidly. Only 10 percent of China’s labor force has completed tertiary education – compared to 30 to 40 percent in OECD countries – but this is improving. Seven million people graduate from college every year, and thirty thousand receive PhDs in technical disciplines, more than any country in the world. This is turning China into a research base for leading technology companies such as Microsoft and IBM.
In July, I visited Alibaba in Hangzhou, and I was very impressed by what I saw there. Alibaba is already a global leader in E-commerce and FinTech, and they’re extending their Artificial Intelligence capabilities to a wide range of fields – from health care to education to city management. Alibaba is only one of several Chinese firms that operate, and compete, in the field of artificial intelligence. 
Our work with the Development Research Center has concluded that, in the coming decades, growth will come from three major sources:
Distortions: A key driver of growth in the past was removing distortions in resource allocation. This is still an important source of growth today, especially in the markets for production factors – labor, capital, and land.
Diffusion: Accelerating the adoption of more advanced technologies, products, and management techniques that already exist will be key for China’s growth.
Discovery: As China becomes richer and edges closer to the technological frontier, fostering the development of new technologies will be increasingly important. China’s priority should be to continue to build capacity and refine policies for promoting innovation.
With this in mind, I’d like to offer several strategic considerations for China:
First, for the foreseeable future, removing distortions and accelerating diffusion will remain major sources of growth. Getting the basics right – structural reforms in key markets, further improving the broader business environment, ensuring fair competition, and investing in broad-based skills of the labor force – should help drive growth. 
Second, China should consider how to balance industrial policies with the notion of the third plenum, that the market should play a decisive role in resource allocation.  In particular, China needs to determine how to ensure a level playing field, given its desire to maintain a large presence of state-owned enterprises in the economy.
There’s an abundance of private financial resources available for innovation. This suggests that government money can be most strategically used by supporting basic research, very early stage investment, and managerial support for start-ups. 
Third, like other countries, China needs to prepare for how technological change will impact the labor force. In addition to the studies I mentioned earlier that estimate that globally as many as 65 percent of primary school children today will work in jobs or fields that don’t exist. More than half of China’s current jobs are at risk of automation. China needs much more investment to transform its education system and labor market institutions for a very different type of employment.  The Manufacturing 2025 strategy needs to be matched with an Education 2025 strategy.
This means, for example, continuing to reduce education access inequality between urban and rural areas; improving the quality of technical and vocational education, with increased emphasis on creativity, social skills and problem solving skills that will be hard to automate.  It means shaping the system of permanent education so that people already in the labor force can keep up with technological change, and improving labor market institutions to allow workers to move more easily from one job to the next as the economy changes.
Finally, China’s leadership has been critical to promoting an open, competitive global economy. China can reaffirm its strong leadership to an open economic system by opening up sectors that are closed for foreign investment, reinforcing protections of intellectual property, and taking the lead in formulating international rules on foreign direct investment that are supported by the international community. 

Tuesday, September 5, 2017

AIIB Directors and Alternates

(As of September 5, 2017)
    (Saudi Arabia)
  • Adel AL HOSANI
    Bader Ahmed AL-QAYED
  • JordanOmanQatarSaudi ArabiaUnited Arab Emirates
  • Mehmet Alper BATUR
  • Humaira AHMED
    Toghrul Guliyev
  • AzerbaijanBrunei DarussalamGeorgiaKyrgyz RepublicPakistanTurkey
  • BOONCHAI Charassangsomboon
  • Md. Zahidul HAQUE
    Rolando MACASAET
  • BangladeshMalaysiaMaldivesNepalPhilippinesThailand
  • Shixin CHEN
  • WU Guoqi
  • ChinaHong Kong, China
  • Taesik YOON
    (Korea, Republic of)
  • Ofer PELEG
  • IsraelKorea, Republic ofMongoliaUzbekistan
  • Ahmed KOUCHOUK
  • Fisseha Abera KIDANE
  • EgyptEthiopia
  • Christopher LEGG
  • Dao Thuy HANG
  • AustraliaNew ZealandSingaporeVietnam
    (United Kingdom)
  • Radek PYFFEL
    Michelle GYSIN
  • DenmarkHungaryIcelandNorwayPolandSwedenSwitzerlandUnited Kingdom
  • Timur MAKSIMOV
  • Nurym Ayazbayev
  • IranKazakhstanRussiaTajikistan
  • Nikolai PUTSCHER
  • Philippe BAUDRY
    Alberto COGLIATI
  • AustriaFinlandFranceGermanyItalyLuxembourgMaltaNetherlandsPortugal
  • Dinesh SHARMA
  • Sameer Kumar KHARE
  • India
  • Rionald SILABAN
  • Angkhansada MOUANGKHAM
    Priyantha RATHNAYAKE
    (Sri Lanka)
  • CambodiaIndonesiaLao People's Democratic RepublicMyanmarSri Lanka

Saturday, September 2, 2017

BRICS ND Bank issues first 1.4 billion dollar loans
460 mn $ Russia IT for “Development of the Judiciary System in Russia in 2013-2020”.
470mn dollar India rural drinking water supply scheme in the state of Madhya Pradesh.

cgtn brics business

main english segments of this video
2,42 brics our shared expectations
5.00 role of brics in world economy - our innovation demands from and interactions with old multilateral (funding and global rules ) institutions
8.58 brics business forum goal of partnerships for brighter future has 4 main dialogue themes
first state of world's trade and investment - back to growth but with specific vulnerabilities= positive role brics can play eg in preventing protectionism creeping around globe- focus on brics countries bright prospects to iluminate wider world

Live: BRICS Business Forum introduction briefing 金砖峰会工商论坛新闻发布会

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Organizers present the agenda for the BRICS Business Forum which will be held on the sidelines of the 9th BRICS Summit in ...
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1430 financial coperation - how brics new developmentg bank wil elad way with benchmark projecst; how we negotiate partnershiso with all sorts of funding institutions for sustainability- our 5 countries offer large space for finacial cooperation and entrep-rsie experimentation
1930 3rd is conectivity not just rail and road and pipelines but people exchnages and sociaal cultural celebration- fusion of dialogues between giv business and citizem metworks; practical people-oriented silutiosn to eg vusas
2420 blue economy- all brics countries have coastlines- not just development of superports but also momentum marine tourism, new energy. sea water utilisation ,equipment mannufacting and how brics countries can cooperate with more advanced countries tech on bljue economy – strengthen cooperation in ways only brics can catalyse with worldwide postive impacts
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Friday, September 1, 2017

congrats brics talk

liu xin  you are kind and courageous facilitor - bravo brics talk


On 30 August 2017, the Board of Directors (BoD) of the New Development Bank approved four infrastructure and sustainable development projects in China, India and Russia with loans aggregating over USD 1.4 bln.
“The four projects approved today are fully in line both with national development agenda in our member countries and the New Development Bank’s mandate of mobilizing resources for infrastructure and sustainable development in BRICS and other emerging economies and developing countries,” said Mr. K.V.Kamath, the President of the NDB.
“The NDB is committed to further strengthening our partnership with all member countries and developing a robust and dynamic pipeline of projects that benefit people’s lives,” highlighted Mr. K.V.Kamath.
“Experiences learned while preparing and implementing the projects will serve as a model for implementing similar projects in the future,” he added.
Under the framework of Hunan Green Area Watershed Environmental Development Project, the NDB will provide a CNY (RMB) 2 bln sovereign project finance facility to the People’s Republic of China to enhance flood control, and improve water quality in Hunan province’s Xiang River watershed.
Under the framework of Jiangxi Industrial Low-Carbon Restructuring and Green Development Pilot Project, the NDB will provide a USD 200 mln sovereign project finance facility to the People’s Republic of China to promote energy conservation, resources recycling and pollutants reduction through technology upgrade.
Under the framework of Madhya Pradesh Multi-Village Rural Drinking Water Supply Scheme Project, the NDB will provide a sovereign project loan of up to USD 470 mln to the Government of India, which will be on-lend to the Government of Madhya Pradesh for developing the rural drinking water supply scheme in the state of Madhya Pradesh.
Under the framework of Judicial System Support Project, the NDB will provide a USD 460 mln sovereign project loan to the Russian Federation for the development of infrastructure and implementation of information technology systems of the judicial system in Russia, contributing to the Federal Targeted Program “Development of the Judiciary System in Russia in 2013-2020”.
The modalities of the loans are different based on project specific features and borrower preferences.
Background Information
The NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. To fulfill its purpose, the NDB will support public or private projects through loans, guarantees, equity participation and other financial instruments.
According to the NDB’s General Strategy: 2017 – 2021, sustainable infrastructure development will be the primary emphasis of the Bank’s operations in the next five years.
diane wang dh-gate  (interview cgtn 10am ueast cvoast us)explains why brfics economies brazil russia south africa can gain at leat 7% gain in trade by learning ecommerce- china and india already world benchmarks

brazil temer trade deals

temer popped into beijing to see Xi jinping before brics summit in xiamen- 10 trade deals signed in such areas as ecommerce. tourism and financing

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  2. What is China? S1 • E1

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