Foreign Policy

Asian Infrastructure Investment Bank: Promise and Responsibility

This article was specifically requested as an op-ed by the Renmin Ribao at very short notice. I submitted it in early December 2014 in English and they sent a Chinese translation for my approval. I approved it but it was then never published.

English original

The Asian Infrastructure Investment Bank (AIIB) is a sign of Asian commitment to both regional and global economic development. Besides promoting regional connectivity and self-reliance for Asian countries, the AIIB also creates opportunities for developed countries in the form of greater investment opportunities as well as for promoting their own economic recovery.  As the Chinese Finance Minister Lou Jiwei has pointed out, historically, the establishment of regional multilateral development banks such as the Asian Development Bank (ADB) or the European Bank for Reconstruction and Development did not weaken the influence of existing development banks such as the World Bank. Rather, it was the total capacity of development financing that increased promoting still further development of the global economy. Thus, the AIIB will be an additional source for development financing in the Asian region with a specific focus on infrastructure and in contrast to the ADB with its focus on poverty alleviation.

Borders Foreign Policy

Xi Meets Modi: A Historic Opportunity for Sino-Indian Leadership

Published as 郑嘉宾, ‘中印面临一个历史性机遇’, 环球网, 19 September 2014.

当前,印中两国被视为全球经济增长的关键推动者,也是改革以西方为中心国际秩序的不可缺少的力量。现阶段,两国经济关系的最大问题是经贸不平衡。印度继续承受逆差, 这也影响着两国经济合作。解决这个问题或者把经贸差额保持在一定程度,要用一个简单的经济逻辑来处理。为了避免经济过热,中国必须把呆在银行的巨额资本拿到境外来投资。毫无疑问,鉴于经济的规模,印度就是中国投资的最佳场所。当然,中国也可以投资于美国或欧洲国债或者到世界上任何一个地方,但在印度投资一定会收获更多。