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Surprise! Turns out China will have veto power in the AIIB after all.http://www.reuters.com/article/2015/06/29/asia-aiib-idUSL4N0ZF1MB20150629 posted:(Reuters) - China will hold over a quarter of the votes in the new Asian Infrastructure Investment Bank (AIIB), its finance ministry said on Monday, giving it a veto in some key decisions despite Beijing insisting it will not have such powers.
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Jun 29, 2015 20:39
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So it seems every other country in the world is involved except the U.S. That's a little bit sad.
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Jun 29, 2015 21:55
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Vladimir Putin posted:So it seems every other country in the world is involved except the U.S. That's a little bit sad. Are East-Asian US allies involved? Like Phillipines, Japan, Korea...
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Jun 29, 2015 22:01
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Fojar38 posted:Surprise! Turns out China will have veto power in the AIIB after all. Seriously?! We didn't want or ask for this, it just happened that way! China's god awful diplomacy is a laugh a minute.
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Jun 29, 2015 22:05
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Antwan3K posted:Are East-Asian US allies involved? Like Phillipines, Japan, Korea... Read the article quoted above you, mate
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Jun 29, 2015 22:20
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Japan, the US, and Canada all abstained from joining because they suspected that China would do exactly what it just did (say "surprise, we control everything in the bank lol")
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Jun 29, 2015 23:21
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Fojar38 posted:Japan, the US, and Canada all abstained from joining because they suspected that China would do exactly what it just did (say "surprise, we control everything in the bank lol") Thorough analysis, Fojar38
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Jun 29, 2015 23:42
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Tom Smykowski posted:Thorough analysis, Fojar38 
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Jun 30, 2015 00:47
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Fojar38 posted:Japan, the US, and Canada all abstained from joining because they suspected that China would do exactly what it just did (say "surprise, we control everything in the bank lol") UK did join though. US has her own World Bank orgnanization so basically Japan lost the most. We will find out more once Thailand decide which country will help them upgrade the railroad. Both Japan and China are fight for it.
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Jun 30, 2015 01:00
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Jun 30, 2015 01:02
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whatever7 posted:UK did join though. US has her own World Bank orgnanization so basically Japan lost the most. Yeah and the UK joining was what set off a bunch of other US allies joining. While its possible their membership might cause "higher standards" in the AIIB Beijing just gave itself de facto veto power after saying for 4 months that it wouldn't have any veto power. This makes the Europeans look like a bunch of either idiots or accomplices to an Asian autocracy, and I don't know which is worse.
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Jun 30, 2015 01:18
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Fojar38 posted:Yeah and the UK joining was what set off a bunch of other US allies joining. While its possible their membership might cause "higher standards" in the AIIB Beijing just gave itself de facto veto power after saying for 4 months that it wouldn't have any veto power. This makes the Europeans look like a bunch of either idiots or accomplices to an Asian autocracy, and I don't know which is worse. This is Europe's "gently caress You" to the US for the 2008 financial crisis.
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Jun 30, 2015 01:33
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whatever7 posted:This is Europe's "gently caress You" to the US for the 2008 financial crisis. *punches self in the gut* "That'll show you yankees, now continue to subsidize our continental defense thanks."
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Jun 30, 2015 01:36
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British conservatives unironically love authoritarian governments I think that's why this happened.
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Jun 30, 2015 01:44
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Arglebargle III posted:British conservatives unironically love authoritarian governments I think that's why this happened. The British also seem to be among the most convinced in the West of American decline (possibly due to projection on their part) and hedging their bets by trying to play nice with both China and the US is very much in their political character. That being said when it comes to actual actions they tend to limit it to the rhetorical/symbolic.
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Jun 30, 2015 02:45
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i'm looking forwards to 20 years from now when the US is more economically and politically dominant than it has ever been in its history and the wall of despair from people who hoped the third would could get a break and also the largerst, loudest temper tantrum pitched in history by the Chinese
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Jun 30, 2015 02:47
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icantfindaname posted:i'm looking forwards to 20 years from now when the US is more economically and politically dominant than it has ever been in its history and the wall of despair from people who hoped the third would could get a break and also the largerst, loudest temper tantrum pitched in history by the Chinese In 20 years the inevitable decline of America will just have been postponed to 2060 when India will be projected to overtake it in GDP according to this linear extrapolation of growth.
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Jun 30, 2015 03:11
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icantfindaname posted:i'm looking forwards to 20 years from now when the US is more economically and politically dominant than it has ever been in its history I don't think we're ever going to top having sole dominion over a doomsday weapon.
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Jun 30, 2015 03:38
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In 20 years everyone will be dead after some damned fool thing in the baltics starts ww3 and the nukes fly
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Jun 30, 2015 03:39
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Hong Kong Free press recently went live http://www.hongkongfp.com/ It's staffed by ex SCMP journalists and focuses on being an independent media platform there's also a china section http://www.hongkongfp.com/category/china/ caberham fucked around with this message at 03:59 on Jun 30, 2015 |
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Jun 30, 2015 03:55
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Jun 30, 2015 04:03
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caberham posted:Hong Kong Free press recently went live Thanks for this
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Jun 30, 2015 04:04
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computer parts posted:I don't think we're ever going to top having sole dominion over a doomsday weapon. To be fair, the times we had that we only had enough to destroy most of the European capitals at best. Not nearly as impressive as what we ended up having by the time the Soviets also had the bomb for a few years,
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Jun 30, 2015 04:06
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computer parts posted:I don't think we're ever going to top having sole dominion over a doomsday weapon. Or your most credible global rival having fallen apart within the past decade. The US is pulling out of a local minimum and China is likely cresting a local maximum, but the general trend of the relative global dominance of the US slowly diminishing is likely to continue over the next few decades. If it does not, this is a bad thing, because it means the development of poorer countries has stalled.
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Jun 30, 2015 04:27
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Peel posted:Or your most credible global rival having fallen apart within the past decade. Growth in developing countries isn't actually all that good. I'm looking at numbers right now and middle-income countries like Brazil or Malaysia or Turkey are only growing maybe one or two points faster than the US is despite being so much poorer to start. Even poorest-tier countries like Bangladesh or Nigeria aren't growing that fast, and the ones that are can be expected to run into a wall at the middle income trap. That's good news for malnourished poor people, but not good enough for those countries to catch up to the US before the heat death of the universe. The only exception to that was China, and only because of export fueled growth which appears to be over icantfindaname fucked around with this message at 04:53 on Jun 30, 2015 |
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Jun 30, 2015 04:43
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Just look at the MSCI emerging markets and lol.
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Jun 30, 2015 05:44
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I think I'll go marching tomorrow afternoon.
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Jun 30, 2015 12:15
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I might go for a stroll too
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Jun 30, 2015 12:24
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simplefish posted:I might go for a stroll too Capital. Have to do it early though as I'm only free when my bairn's asleep.
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Jun 30, 2015 12:35
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Forums Terrorist posted:In 20 years everyone will be dead after some damned fool thing in the baltics starts ww3 and the nukes fly Balkans. 
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Jun 30, 2015 15:19
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I meant what I said.
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Jun 30, 2015 15:34
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Chickenwalker fucked around with this message at 10:40 on Mar 11, 2019 |
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Jul 1, 2015 03:17
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Chickenwalker posted:Maybe you guys are aware of this already, but the next time you look at a statistic released by Chinese businesses or regulators or consider the idea of an investment bank headed by China, think about this: at the end of every quarter, Chinese banks expect their employees to either beg or borrow massive amounts (300,000 RMB, $50,000 individually in one case I know of) of money and deposit it so that it looks like their deposits are larger than they actually are. Fraud with a capital F. And when you talk to the employees being pressured into doing it, they shrug and say "so what?" China is an ethical void. Haha holy poo poo, do you have any sources/articles on this?
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Jul 1, 2015 07:54
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Chickenwalker fucked around with this message at 10:40 on Mar 11, 2019 |
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Jul 1, 2015 12:38
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"Where'd you hear that from?" "Trust me, a guy named chickenwalker told me on the internet, really he knows a guy it happened to!!"
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Jul 1, 2015 15:49
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My uncle works for a Chinese bank! Don't know if this is related but might as well be: Baidu caught gaming recent supercomputer performance test quote:
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Jul 1, 2015 17:36
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It's not that implausible- China has, by all accounts, fairly poor institutional ethics controls, even on a global scale. There's a reason the US is still getting their best scientists.
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Jul 1, 2015 18:00
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Discendo Vox posted:China has, by all accounts, fairly poor institutional ethics controls, even on a global scale. fairly poor?
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Jul 1, 2015 19:38
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goldboilermark posted:fairly poor? Well I'm sure North Korea is worse.
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Jul 1, 2015 21:19
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I think there are a number of worse places, but they have a) less money, b) less power, c) smaller population and d) smaller footprint, making institutional and social ethics norms challenges in China harder to address.
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Jul 1, 2015 22:06
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