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BerichtGeplaatst: 25-08-2018 08:04:01    Onderwerp: The IPOs will allow Reageren met citaat
NAIROBI jordan 6 wheat for sale , Feb. 24 (Xinhua) -- African experts and scholars have acclaimed China's aid to boost the development of the African continent as the West's fantastic theories like "neocolonialism" and "China is exploiting Africa's resources" are floating up.


"When the West labels Chinese aid and infrastructural projects in Africa as neocolonial it is a question of sour grapes," Professor Munene Macharia, Lecturer of International Relations with Kenya-based United States International University, told Xinhua in an exclusive interview.


China has long been helping Africa with infrastructure development and has completed 1,046 projects jordan 6s wheat , including railways with a total length of 2,233 km and highways with a total length of 3,530 km in Africa, making a significant impact on Africa's economic development and tangible contributions to improve living and working conditions.


Macharia said the West has been in Africa for a long time but has never made development of Africa's infrastructure as a priority, adding that the West is not happy that China is assisting Africa to overcome one of its biggest challenges that it faces today.


Experts agreed that Africa has a huge infrastructure deficit as a result of years of under investment in this sector jordan 6 wheat 2017 , saying Africa's rapidly growing population has outstripped government's ability to provide infrastructure at the same pace.


Official statistics showed that two-way trade volume between China and Africa exceeded 200 billion U.S. dollars for the first time in 2013, and China has been Africa's largest trade partner for the past five years in a row.


"China is cooperating with Africa, giving a prior attention to the continent's infrastructural development, without which there cannot be a meaningful economic and social development," said Fantahun Haile-Michael jordan 6 wheat , African Union's Project Coordinator.


Haile-Michael noted China's cooperation with Africa is growing day by day with the focus on Africa's priority areas of peace and security, infrastructure development, education and health sectors of social area among others.


A report from the International Monetary Fund showed that Sino- Africa cooperation has contributed more than 20 percent to Africa's economic growth.


"China's aid and infrastructural projects in Africa are made on the basis of mutual understanding between China and Africa. The projects are in line with Africa's national priorities. The projects are not a form of Chinese domination of Africa as they based on win-win propositions," said Gerishon Ikiara, Lecturer of International Economics with University of Nairobi.


Ikiara Cheap Men's Nike Air Jordan 12 Vachetta Tan , who is also the ex-Permanent Secretary with Ministry of Transport and Communications, said the Western nations only develop infrastructure in Africa that helped to ship Africa's resources to the West.


Denise Kodhe, Analyst and Director General of the Institute for Democracy and Leadership in Africa, said neocolonialism is a term used by the West in reference to the relation to China's cooperation with Africa.


"The term is neither here nor there because nobody has a right to decide for Kenya or Africa who to cooperate with or who their friends should be as clearly stated sometimes back by the late president of South Africa Nelson Maadiba Mandela," Kodhe added.


As the world's second largest economy Nike Air Jordan 1 Retro High BG White Cheap , China bears due responsibility by offering medical aiding to African countries.


In 2014, China provided its aid in the first time and so far has sent successively several medical teams and batches of emergency aid worth a total of 700 million yuan (around 112.2 million U.S. dollars) to the epidemic-hit countries, becoming one of the biggest donors to the infected areas and playing an important role in containing the epidemic.


However, experts also called for more people to people communication between the two countries.


"It is important for China to make itself understood by ordinary Kenyans and Africans," Kodhe said Clearance Air Jordan 11 Retro GS Heiress Black Gold 852625-030 , adding that China should not only focus its relation with Kenya and Africa based on government to government but also more on people to people basis to create a better understanding.


BEIJING, Aug. 12 (Xinhua) -- Chinese small and medium-sized banks have stepped up their pace in going public to meet growing capital demand from rapid business expansion and tightened regulation.


As of this week, there were 12 banks waiting for IPO approval from the country's securities regulator, the second group to enter the stock market after entry was reopened for banks more than a year ago. Nine were city banks, including Bank of Lanzhou and Bank of Changsha Discount Men's KAWS x Air Jordan 4 Retro Black 930155-001 , while three were rural commercial banks.


The banks saw varied performance. Six posted double-digits net profit growth in 2016 despite a lackluster banking sector, while Bank of Chengdu reported a year-on-year decline of 8.48 percent.


But the lenders all face the same situation: limited financing sources.


Unlike bigger, more renowned peers with abundant depositors, small and medium-sized banks, although developing rapidly Men's Air Jordan 9 IX Retro Bred Black Red 302370-014 Online , often face difficulties in meeting regulatory requirements in capital adequacy, which is a precondition for business expansion. Bank of Xi'an improved its total assets by 3.78 percent from a year ago in 2016, but its capital adequacy ratio dropped 1.2 percent.


Chinese financial regulators have toughened up supervision to defuse accumulated risks in past months, resulting in higher standards on capital.


The IPOs will allow banks to secure more financing channels, including private placement and preferred stocks to replenish capital Cheap Nike Air Jordan 7 Fadeaway Red Black , analysts said. The Economic Information Daily estimated the total capital raised by them will range from 23.95 billion yuan (around 3.6 billion U.S. dollars) to 61.19 billion yuan.


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