国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

chinadaily.com.cn
left corner left corner
China Daily Website

All the way to the bank of BRICS

Updated: 2013-03-26 23:59
By Zhang Chunyan in London ( China Daily)

Economist who coined the term still confident in emerging economies

A BRICS Bank could help foster even more trade between the countries involved, said Jim O'Neill, chairman of Goldman Sachs Asset Management.

O'Neill, also known as Mr BRICS, coined the acronym BRIC in 2001 to refer to the developing nations Brazil, Russia, India and China. In 2006, BRIC was formalized at the initiative of Russia and enlarged in 2011 with the addition of South Africa.

This year, the establishment of a development bank is expected to be one of the highlights when leaders of the BRICS economies meet in Durban on Wednesday.

"If, in fact, the BRICS bank is announced, this will be the beginning of an institution that sort of becomes a World Bank for their huge sphere of influence," O'Neill told China Daily in an exclusive interview.

In his mind, the bank could be helpful in promoting BRICS countries' trade. He is eagerly awaiting the BRICS summit to see whether they announce the formation of the bank.

The BRICS Bank is part of a strategy agreed to at last year's summit in New Delhi looking at long-term investment opportunities within the countries making up the group.

It is envisaged that the bank will provide pooled funds for targeted infrastructure projects and key sectors, while supporting and driving increased commerce between the BRICS and other emerging economies.

On BRICS' achievements in the past decade, O'Neill noted, "Economically, the achievements are much bigger than politically."

With respect to economics, he said, BRICS countries — except South Africa — have become much bigger much more quickly than he expected, even if they have lost some momentum in the past 12 months.

He used "remarkable" to describe their developments. In 2011 alone, their collective GDP increased by around $2.3 trillion, which is equivalent to the size of Italy's.

"By 2015, if not before, the combined size of the BRICS economies seems highly likely to become as big as the US and they are set to become as big as the G7, as we assume, by 2027," O'Neill said.

"It is transforming everything in the world economy, including the patterns of world trade and finance," he added.

Related Readings

BRICS bank holds promise

BRICS summit raises hopes

BRICS to mull development bank, forex reserve

BRICS development bank likely to focus on infrastructure

Previous Page 1 2 Next Page

 
 
...
松滋市| 乐业县| 顺义区| 大化| 珠海市| 贵溪市| 安康市| 肥城市| 中西区| 湖口县| 镇原县| 绍兴县| 南江县| 山东| 大余县| 宜宾市| 山西省| 章丘市| 普兰县| 香河县| 新余市| 台山市| 工布江达县| 蒙阴县| 阆中市| 固原市| 武清区| 沈阳市| 东至县| 郯城县| 孟州市| 新邵县| 大新县| 渝北区| 兴业县| 城口县| 贺州市| 惠水县| 南华县| 云南省| 百色市|