Poland wants to join the “Chinese” investment bank – for … – Politics

The initial capital AIIB (50 billion dollars) Chinese would remove themselves from your back pocket. This fund is for them goes to cotton balls. For years, they have huge trade surpluses and huge reserve funds.

But I felt that the new bank, which is addressed primarily to the financing of infrastructure investments in Asia, it is used for something more. Specifically, to strengthen its position in the region.

To participate in the project invited all interested countries. And the response, as it was easy to predict, proved to be strong. The list of potential shareholders (not including almost all the major countries in Asia) include, among others Germany, France, Great Britain, Italy, Switzerland, Australia, Israel and many others. In total, more than 50 countries.

No outsiders

At this stage (ie the organization, the bank is expected to start operations in the next year) in so many countries, it was considered if he wants to keep doing serious business in Asia, it is such an initiative can not be ignored.

Yes, the Chinese have long been flooding the world with cheap products, but they are also the recipient of a giant industrial equipment, production lines, high-quality goods consumption. And most importantly good pay. It’s almost bottomless market, important for manufacturers, but also builders roads, dams, energy facilities.

Other Asian countries are also still on the acquis. The new bank – perhaps – become a convenient gateway through which the road companies, construction and other contractors will be easier to get to the Middle Kingdom and beyond. Hearing about this project so nobody wants to play the role of an outsider, also Polish.

List of privileges

The newly created Registry organization is a super bank so our lists Intent confirming the initial interest Polish venture. About our possibly attended by deputy finance minister said Artur Radziwill. He made no secret that in the future, when the bank will begin, we will rely on privileged access to investment projects, as well as to improve the business environment for Polish companies in Asia.

All the details are only to determine, and with such a large the founders of the number of countries starting January deadline seems very ambitious. It is also unclear how it will look like the final list of the membership.

For now, it runs on Japan and the United States. The latter especially skeptical attitude towards the idea, arguing, inter alia, that the project appears to compete with the activities of the World Bank and the Asian Development Bank. They worry too – yet inevitably exaggerated – by the standards of management.

You can see that the new bank treat, here just right, as a potential tool in the hand of China-US leadership in establishing economic and trade policies in Asia. The chances that the winners will prove Americans today seem slim.