In October 2014 China launched the Asian Infrastructure Investment Bank (AIIB), drawing wide international attention. Nearly 60 countries have joined the new international financial institution, including several OECD member and partner countries, though others have remained cautiously outside. What is the purpose of the new bank and what impact will it have? We asked Yide Qiao for his views.
According to OECD estimates from a few years back, in 2011 China and India accounted for 24% of the global economy; by 2060 that was forecast to rise to 46%, overtaking the combined total for current OECD Members.
Whenever an American or European wins an Olympic gold medal, we cheer them as heroes. When a Chinese does, the first reflex seems to be that they must have been doping; or if that’s taking it too far, that it must have been the result of inhumane training.
This blog post by Andreas Schleicher describes the challenges for teachers teaching in rural China, as witnessed by Mr. Schleicher in October, 2013.
In recent years, rapid industrialisation, intensified agricultural production and urbanisation in the People's Republic of China has brought greater prosperity and higher living standards to many, but it has also created high demand for energy and raw materials, increased pressure on ecosystems and affected health outcomes. China is committed to achieving a green economy.