The President of the Asian DRC consideration considers the stop loan to China. Experts: In the future, cooperation needs to be further communication and mediation

Author:Global Times Time:2022.08.20

[Global Times Reporter Ni Hao Sun Peng] According to the "Japan Economic News" reported on the 19th, Asian Development Bank (ADB) President Asianshikawa Yayama in the media will take the wind in an interview with the media and will consider stopping new loans to China. Discussion began in 2023. It is reported that China is the second largest economy in the world, and the level of Chinese people has improved significantly, and China has also led a financing loan for Asia, which is no longer suitable for continuing economic assistance.

Asian Development Bank Tap Source Vision China

In an interview, Asakawa Yaji said: "I plan to discuss whether China is in the case of graduating from the Asian Bank next year." The loan plan for China for China from 2021-2025 A year-$ 9 billion in 2020. Next year, the Asian Development Bank will consider whether to stop providing additional loans to China after 2025. Asakawa said that this will be the first time that the bank has discussed China's "graduation" from the Asian Development Bank loan plan.

The "Japan Economic News" reports that the loan target of the Asian Development Bank is that the total national income (GNI) per capita is below 7,455 US dollars, which is difficult to raise funds in the international capital market. The level of economic development is below a certain degree of countries. China's GNI has exceeded $ 7,455, and it is not difficult to raise funds in the international market. As for whether the indicator of development is appropriate, the Asian Kaixing will verify it. Asakawa also said, "From the perspective of social security, big cities and rural areas in China are very different, hoping to fully discuss."

The members of the Asian Development Bank include 68 countries and regions. They are considered as an institution led by the United States and Japan. Japan and the United States each hold 15.6%, followed by China with 6.4%of the shares. It is reported that as of last year, China's loan balance was 19.6 billion US dollars, second only to India, ranking second. In 2021, China received $ 1.8 billion in new credit, becoming the fifth largest accepted country after India, Pakistan and other countries.

Wan Ye, a professor at Beijing Normal University and researcher of the Belt and Road Institute, told the Global Times reporter on the 19th that with the continuous progress of China's economic strength, the corresponding organizations such as the Asian Kaixing have begun to discuss related issues in recent years. But the cooperation of related projects is still ongoing. For China, the total economic volume is increasing, but the problems of imbalance and inadequate exist. As the biggest developing country, China needs to continue to grow stably and continue to grow and respond to changes in the views of the corresponding international organizations and institutions on our views. In the future, the cooperation between China and the Asian Kaixing and other institutions will need further communication and mediation, as well as many new opportunities.

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