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LONDON, Oct. 20 (Xinhua) -- Chinese President Xi Jinping received a grand ceremonial welcome by Queen Elizabeth II and addressed the parliament on his first full day of state visit to Britain, which aimed at expanding shared interests between the two sides.
China will also host 30,000 women from developing countries for training programs in China and provide 100,000 skills training opportunities in local communities of other developing countries, Xi said.
"For decades, China has played a decisive and very important role for peace, development and cooperation in the world. Through its all-round cooperation with the rest of the world, China assumes its responsibility in settling international problems," Picquart said.
MAS Managing Director Ravi Menon noted that 2015 has been a fruitful year for financial cooperation between Singapore and China. The initiatives announced at JCBC on Tuesday are a testament to the excellent relations between the two sides.
I know that this agreement has drawn on the practices of existing multilateral development banks in many ways. It has also made some breakthroughs and explored new ways of operation. For example, in terms of governance structure, AIIB has, with reference to the common practice of multilateral development banks, set up a three-tiered structure, consisting of a board of governors, a board of directors and a management team. It has also put in place an oversight mechanism in line with the principle of transparency, openness, independence and accountability. It is specified in the agreement that the management team will be selected through an open, transparent and merit-based process. This is a new principle not included in the constitution of existing major multilateral development banks. Another example is that the AIIB places no restriction on the procurement of goods and services from any country, and again this is not the case in the other regional multilateral development banks.
