MercoPress. South Atlantic News Agency
UK caught on the wrong side in a US/Beijing dispute over Chinese development bank
The US has expressed concern over the UK's bid to become a founding member of a Chinese-backed development bank. The UK is the first big Western economy to apply for membership of the Asian Infrastructure Investment Bank (AIIB) despite the fact that US has raised questions over the bank's commitment to international standards on governance. Read full article
Comments
Disclaimer & comment rulesWould have been better if US had kept its disapproval private.
Mar 16th, 2015 - 11:22 am - Link - Report abuse 0the English are not of cedentas prostitutes for money. are now selling to China ... opportunistic sluts. hahahaha ....
Mar 16th, 2015 - 11:27 am - Link - Report abuse 0Hahahaha.
Mar 16th, 2015 - 12:52 pm - Link - Report abuse 0You have to laugh along otherwise you would cry.
International Aid & credits. Failing since Bretton Woods.
Mar 16th, 2015 - 01:47 pm - Link - Report abuse 0British elite farts, think they are on top of the game and that people in developing countries will like them for giving money away and taking the sons of tyrants to be educated in ivy league English collages like Saif al Islam Gaddafi or Bashar al Assad...
Sack your diplomats, save your money and grow up. You are only making things worse. Idiots.
“Caught on the wrong side” ? Why is it wrong?
Mar 16th, 2015 - 02:26 pm - Link - Report abuse 0The US might not like it, but it must be the correct long term strategy for a European nation. The UK already has disproportionate weight in the US led western banking institutions, so why not get in early to the rising Chinese led institutions. Smart move.
@CD
I think you are off target there. Putting money into a bank that will be investing in Asian infrastructure is sound. Also the sums would be small as the UK would be a minor contributor. China holding a large controlling stake.
On education, the UK economy receives U$20 billion/year from foreign students (including the sons of tyrants you mention). That is more than the entire education budget for Chile by a long way. Who wouldn't want to have that appeal.
What country's banking system triggered the crash in 2008 ?
Mar 16th, 2015 - 02:41 pm - Link - Report abuse 05
Mar 16th, 2015 - 02:53 pm - Link - Report abuse 0Its just a bunch of bureaucrats waisting tax payers money, that will leak everywhere. Just like the WB and the IMF have functioned and failed for more than half a century.
20 Billion is fuck all compared to the 5,5 % of British GDP on education.
The world doesnt like Mr Nice guy or the loser that bends over backwards pretending to get along with God and Devil alike. The World likes winners like Putin .
Hitler was a winner for a time. Fortunately he didn't have nuclear weapons.
Mar 16th, 2015 - 03:08 pm - Link - Report abuse 0Amazing isn't it, we have people on here who would normally struggle to talk on behalf of their dementia ridden parents actually pretending to talk on behalf of the World. Quite sad really.
@2. Have you read that bit about comments needing to be in English? The concept too difficult for you? That means that all the words need to be in English AND the resulting sentence(s) has to be intelligible. You don't score very high. About 4 out of 10.
Mar 16th, 2015 - 03:50 pm - Link - Report abuse 0@4. Poor child. Think about things like this. WE've been doing stuff like this for at least a thousand years. How about you? A tenth of that? It's called 'governing' a country. Done any of that? Which wonderful country do you come from? Might it be one that keeps getting taken to court for trying to evade its debts? Or one that you brown nose? In which case you're hardly in a position to criticise, or even comment, on anyone else, are you?
Did you know that the UK's economy is bigger than Russia's? The the EU is frightened sick that the UK will leave. Without the UK the EU would be like argieland. See, people such as yourself always think that decisions are made by diplomats and politicians. Some are. But, unlike the banana-like republics of latam, the UK's decisions on financial matters are made by financial experts. It's why the UK is so successful. Even in bad years, things aren't so bad.
And if we educate the sons of 'tyrants', what of it? Say we educate them from age 18. Maybe they won't become tyrants themselves. Please send details of your suppliers of crystal balls. Let's take a look around latam. Consider all the dictators. Here's a list of them. Kirchner, Morales, Rousseff, Bachelet (maybe), Correa, Humala, Maduro. What do they have in common? They're poor. The 'best' economy of the dictatorships is only 1/3 the size of THE best economy. The worst economy of the dictatorships is 1/8 the size of THE best economy.
Can YOU identify THE best economy?
@5. Wonder what yb will say? You're quite right that a 'European' strategy would be quite different to a US one. Although the UK actually has a British strategy. The UK isn't really 'European'. WE are unique. Compare Malaysia to Singapore!
Any bank that's worth anything has to have a presence in London, the centre of world finance which is where banking and the concept of insurance got started. And as for #4, well the financially illiterate statement says it all. Thats what becomes of living in a failing backwater run by a thieving mob of crooks, a distorted world view. Banana banana...
Mar 16th, 2015 - 04:04 pm - Link - Report abuse 08.
Mar 16th, 2015 - 04:11 pm - Link - Report abuse 0And Russia with far less aid money and financial resources has a president that is more popular in the USA than Barak Obama. Imagine Putin's (Forbes most powerful person on the planet) image and influence world wide....That is a FACT.
9. Dont confuse the imperial leaders of old Britan like Disraeli, Churchill, Elizabeth I with the bureaucrats and idiots you have running the place. You sound ridiculous, old fart.
10. cant bother with you Idiot
No answer is there fool...
Mar 16th, 2015 - 04:15 pm - Link - Report abuse 0It's a strategic recognition by the UK that the Chinese are coming in the financial industry and to ignore it would be to downgrade our future influence in the finance industry.
Mar 16th, 2015 - 04:31 pm - Link - Report abuse 0It also suggests that the USA should support us more in certain political arenas like South American/Falklands.
“It's not normal for the United States to be publically scolding the British,“
Mar 16th, 2015 - 05:22 pm - Link - Report abuse 0”publically“?
maybe these mongoloids tried to say ”publicly”?
anyway, it seems the boss got mad, eh british plebs?
you'd better behave yourselves...lol.
and fatty camoron is acting like la yegua now.
they are like 2 peas in a pod...LOL.
Hahaha these RGs have no idea. Their financial expertise is limited to going down the supermarket to purchase bog rolls! And thats if the supermarket actually has any! And, if the power is off all the freezers must be kept shut to stop everything defrosting.
Mar 16th, 2015 - 05:51 pm - Link - Report abuse 0Argenchina is just another Chinese debtor whilst England has become a Chinese financial partner. London trades in Renminbi whilst Argenchina trades in beans and depends on Chinese handouts.
There dont seem to be any RG trolls with a clue about International finance. But, what can you expect from a banana republic with raging inflation, massive debt and a depreciating currency?
LOL
Mar 16th, 2015 - 06:10 pm - Link - Report abuse 0england is the biggest debtor on earth.
it seems that all these benny-hillbillies can read is merdopress, no?
http://www.debtbombshell.com/
12.... For you there is aint, You have to have a argument to make before I even consider your crapp. And as far as I recall you are just another arsehole British international bureaucrat, like there is in this site, that think cattle in Argentina are fed on soybean or that cattle are breed in feedlots...
Mar 16th, 2015 - 07:38 pm - Link - Report abuse 0Hope Farage gives you the boot and cuts all international aid and useless cunts like yourself lose their job. Not that you would admit it here anyway.
BTW thanks for the money you are giving the Ks via EU funds.... wankers.
Pauletodo, we can pay our debts out of small change. You cant pay yours thats the difference. You are a financial illiterate like your mate / sock puppet CD2. We can borrow to develop our country, you cant, you have to rely on the Chinese who will stealthily take your banana republic over. Lol! You are frozen out like N Korea and Cuba Bahahahaha
Mar 16th, 2015 - 07:38 pm - Link - Report abuse 018
Mar 16th, 2015 - 07:48 pm - Link - Report abuse 0But as this article clearly shows the Yanks are telling you what to do. Even if otherwise, your government did consult the US's opinion ...
“However, Cameron's spokesperson said UK Chancellor George Osborne did discuss the measure with his US counterpart before announcing the move”
Some say the British decision is a very good decision,
Mar 16th, 2015 - 07:55 pm - Link - Report abuse 0time will tell,
We always discuss things with our American cousins before doing something like this, nothing wrong with that. Its all part of mutual trust. There are so many $ sloshing about in China its not true. Gotta get some of that action… You can stay away from Chinese banking but if you are involved it makes better sense because a little influence is better than nothing at all. The Americans cant of course because there is more business rivalry. Equally the Chinese cant ignore The City.
Mar 16th, 2015 - 08:52 pm - Link - Report abuse 0lt makes sense to trade/have financial dealings with China.
Mar 16th, 2015 - 09:32 pm - Link - Report abuse 0lgnore China at your peril.
Why shouldn't we get a piece of the action?
Sigh… more Argentinian arrogance. Now they are lecturing the worlds leaders in global banking and finance whilst our country is in economic meltdown. What a mistake a to make a
Mar 16th, 2015 - 11:38 pm - Link - Report abuse 022. As much as you consider yourselves financial geniuses ( I seriously doubt any of you are knowing what you are talking about) I find it funny how none of you get the principle that it is States, not private capital that is doing the loans to Asian countries.
Mar 17th, 2015 - 12:07 am - Link - Report abuse 0Then you cry and fuss when Argentina gets UK money to buy Mirages… LOL!!
You think you know it all, I think you are a bunch of stuck up arseholes.
We don't have to agree on absolutely everything. The US believes in the principles of self-determination, that's how the US came into existence. However, they won't come out and publicly support the people of the Falkland Islands because it's not in their geographical interests to do so. Noted.
Mar 17th, 2015 - 12:18 am - Link - Report abuse 0The US does not wan't us to join this banking structure, that's fine, concerns noted, but we will do what is on our interests also.
“quid pro quo”
britparasite
Mar 17th, 2015 - 12:25 am - Link - Report abuse 0“We don't have to agree on absolutely everything. ”
yes you have.
and even more, you have to obey what the u.s. indicates.
that's why obama is the chief and camoron the “che pibe”
it is not a good sign when your boss is mad at you.
@26
Mar 17th, 2015 - 12:46 am - Link - Report abuse 0You're getting yourself into a bit of a frenzy there aren't you Paul, you should calm down or the Chupacabra will find you in your mud hut, if she can wheel herself our of the Casa Rosada.
Meanwhile back in civilisation, London is the financial capital of the world, unlike you we are able to deal with the Chinese on an equal level and not sell our souls. The Chinese president is coming to meet the Queen later this year, will he be popping over to Argentina anytime soon. The answer to that is no, you have to go and see them with your begging bowl held out
@Isolde.
Mar 17th, 2015 - 01:16 am - Link - Report abuse 0Super sorry, that post was meant for #21 @CaptainSilver
If the UK is a founding member, will it be able to veto loans to certain countries? You know, ones that have a very bad default history? Maybe ones that want loans to buy Gripens, or ones that might threaten British Overseas Terroritries?
Mar 17th, 2015 - 02:15 am - Link - Report abuse 0CD2: Just for your erudition, the phrase 'ivy-league' is only ever used in the UK to refer to elite US academic institutions such as Yale/Harvard/M.I.T./Stanford. Never employed as a reference to UK Universities.
In the UK it is 'Ox-bridge' or maybe the 'Russell Group'.
Just so you know...
@28 I made my first business trip to China in 1984, The last trip there was 2 years ago. What knowledge do you have of China or business? Zilch, I bet. Idiot!
Mar 17th, 2015 - 08:59 am - Link - Report abuse 0It's be long known the Americans and neighbouring EU nations despise the UK banking sector, particularly London since a majority of world trade is pushed through London, the weight of UK banks globally etc, Britain has always worked in emerging markets, financial sectors is something the Brits are very good at, If I was the US i'd be looking to follow their lead. This gives a huge advantage to the UK as a key European partner, the Italians too will bring some clout to the table and New Zealand being on board, and a few other “Friendly” nations, it might look one sided in the Chinese favour to the US, The reality is not so. They simply do not China to gain this ground, yet on the flip side borrow money from the Chinese themselves, this is not caution shown by the states, this is envy and worry about the future, for sure, I'd see this as hugely strengthening the City of London, the EU and the US of course are not going to like it, they have been trying to weaken the UK for many many years. Trumps on this one though eh!
Mar 17th, 2015 - 09:26 am - Link - Report abuse 0@28 CD2,
Mar 17th, 2015 - 09:28 am - Link - Report abuse 0I guessed it was for someone else.
No harm done.
england leaving this to be an American state to become a Chinese state !!!! colonial power for Chinese whore !!!! hahahahahahahahahax10.000 ...
Mar 17th, 2015 - 10:35 am - Link - Report abuse 0“What knowledge do you have of China or business?”
Mar 17th, 2015 - 10:51 am - Link - Report abuse 0Certainly enough to realize that this is a public bank not a private one...
The days of Blair poodle are over for the Yanks...
Mar 17th, 2015 - 12:21 pm - Link - Report abuse 0It's now a case of, your concerns have been duly noted, but our interests will now take priority...
We have all seen this with options concerning continued EU membership...
Involvement in Syria...
...and now Foreign Investment...
#33
Mar 17th, 2015 - 01:28 pm - Link - Report abuse 0Thus speaks a muppet....pity it wasn't in English.
I see the standard TROLL comment hahaha x 10000. Not unlike lol x 1 million used by another muppet.
Do you attend classes to reach this standard or is it just innate genius for posting crap?
11
Mar 17th, 2015 - 03:16 pm - Link - Report abuse 0Hitler was Time Magazines man of the year in 1938
The similarities between Putin and Hitler are striking.
Looks like France, Germany & Italy have just joined up. South Korea, Switzerland and Luxembourg have said they are also considering & are likely to join soon.
Mar 17th, 2015 - 04:32 pm - Link - Report abuse 037.
Mar 17th, 2015 - 07:27 pm - Link - Report abuse 0Is Putin like Hitler or not ??? I dont know. Here is a clue; Its not the fucking point.
American poodle to Chinese lapdog?
Mar 17th, 2015 - 07:45 pm - Link - Report abuse 0http://www.economist.com/news/business-and-finance/21646352-america-and-britain-odds-over-how-deal-china-american-poodle-pekinese-lapdog
IT IS extremely rare for Britain to take a foreign-policy stance at odds with that of its closest and most important ally, America
But China would not even allow a delegation from Britain’s parliament to visit Hong Kong. The British response was not to make a big fuss, but to send Prince William to China instead earlier this month to bang the drum for British exporters
To benefit Britain.
What the USA says abt Britain=
An anonymous American official quoted by the Financial Times says America is “wary about a trend toward constant accommodation of China, which is not the best way to engage a rising power
And yet==
Cynical Britons might point out the strategy worked well enough a century ago when Britain was the incumbent power and America on the rise. But that is not an analogy that will go down well in Washington.
You read the rest==..
we can and will do what is in British interests,
besides Argentina and its immortals on here are just jealous that they wont be part of this enterprise, just a recipient with a begging bowl..
Europe and the rest of the US Allies ( Australia, a key US ally in the Asia-Pacific region which had come under pressure from Washington to stay out of the new bank, has also said that it will now rethink that position. might be too polite to tell the US straight up– “Look, you have $18.1 trillion in official debt, you have $42 trillion in unfunded liabilities, and you’re kind of a dick. I’m dumping you.”
Mar 17th, 2015 - 08:39 pm - Link - Report abuse 0So instead they’re going with the “it’s not you, it’s me” approach.
But to anyone paying attention, it’s pretty obvious where this trend is going.
Washington’s priority should be on advancing U.S. ideals and institutions through the pivot or rebalance rather than blocking Chinese initiatives unless absolutely necessary. (Let’s not confuse China’s effort to develop the AIIB with its push to implement an Air Defense Identification Zone, for example.) Opposition to the Asian Infrastructure Investment Bank has become a millstone around Washington’s neck best option is to join, better to be in the tent pissing out lol
Just maybe it will prolong the life of the dollar as a world currency
39
Mar 17th, 2015 - 09:16 pm - Link - Report abuse 0You brought Putin up.....not me.
Still he is an important figure, armed to the teeth and ready to use Nuclear weapons if he doesn't win.
The alliance with the U.S. is the UK's most important ally but this very public disagreement shows that the UK must have the necessary forces in place to defend itself against future potential Russian Aggression.
42.
Mar 17th, 2015 - 11:30 pm - Link - Report abuse 0No you brought up this Hitler parallel.. I simply said that the guy with a few videos of him fishing, hunting, flying a choppper, riding a horse bare chest and some hot chicks on RT the Russian leader has bought what billions and billions of aid that your shit leaders cant buy.
Other European countries are also joining. Yet another reason for the US to withdraw from NATO.
Mar 18th, 2015 - 02:59 am - Link - Report abuse 043
Mar 18th, 2015 - 04:16 am - Link - Report abuse 0So we are agreed .....you brought up Putin.
You appeared to suggest that the World loved Putin because of his strongman image and I introduced you to some interesting similarities concerning Hitler.
By the way did you know that Hitler loved fishing, had one testicle and rode horses totally naked. Saved Nazi Germany huge amounts in foreign aid.
@44
Mar 18th, 2015 - 10:17 am - Link - Report abuse 0Your comment is illogical.
Although you probably didn't think it through before posting did you?
@46 ilsen,
Mar 18th, 2015 - 10:50 am - Link - Report abuse 0Hepatia will oppose anything that will be advantageous to Britain.
You must always take this into account when evaluating his/her/it's comments.
She also thinks that she(think its a “she”, no man would be that vindictive), speaks for ALL 330 million(or so)Americans.
@44 Hepatia,
Doubt very much that the USA will withdraw from NATO.
Of course you could always try your personal “hotline” to the White House.
I'm sure they're awaiting your call. lolz
44@
Mar 18th, 2015 - 08:02 pm - Link - Report abuse 0no Comprende
http://en.mercopress.com/2015/03/16/uk-caught-on-the-wrong-side-in-a-us-beijing-dispute-over-chinese-development-bank#comment386749: We have been down this trail before. What you seem not to understand is that I argue for the US withdrawal from NATO because it is in the US interest for it to do so, not because it is in the interest of the UK (which I care very little about) that it not do so.
Mar 20th, 2015 - 02:38 am - Link - Report abuse 0@49 Hepatia,
Mar 20th, 2015 - 05:20 am - Link - Report abuse 0We have indeed been down this trail before.
The US was the driving force in setting up NATO.
An early warning system for them against the Soviet Union.
You seem to imply that the “frightened” Europeans were begging for American protection & that is why Nato came into being.
And now because you don't like the British, you think that the US should withhold this “protection”.
What you seem not to understand is that its obvious that it is in Hepatia's (who we care little about) interest for the US to withdraw from NATO.
Once again, l doubt whether the US Government shares your view.
#49
Mar 20th, 2015 - 09:21 am - Link - Report abuse 0It would seem that the USA is getting MORE involved in Europe by moving it's air assets from the UK into Germany.
NATO is a joint defence pact, with the USA getting as much out of it as they put in.
The USA would rather fight on European soil than it's own.
49 Hepatia
Mar 20th, 2015 - 01:03 pm - Link - Report abuse 0eye thinks the mighty US Navy should sail down the south Atlantic and park itself of the coast of Argentina,..
http://en.mercopress.com/2015/03/16/uk-caught-on-the-wrong-side-in-a-us-beijing-dispute-over-chinese-development-bank#comment387153: And who do you think that the US would rather fight on European soil? The fact is that there are no threats to the US that can be addressed by using Europe as a battle ground.
Mar 24th, 2015 - 04:40 am - Link - Report abuse 0NATO is a net liability for the US. There is really no upside for the US to be part of this alliance. If the US were not already part of this alliance it would not take a decision today to join. Why would it? And, there being no reason to join, it should leave. It really is that simple.
Whatever you say, Hepatia.
Mar 24th, 2015 - 09:29 am - Link - Report abuse 0#53
Mar 24th, 2015 - 10:50 am - Link - Report abuse 0Be sure to tell your congressman this and to pass it on to the President.
I am sure that they will concur with your sentiments.
53@
Mar 24th, 2015 - 08:08 pm - Link - Report abuse 0bla bla bla
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