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BRUSSELS Kentavius Street Womens Jersey , Jan. 23 (Xinhua) -- China does not control or dominate the decision-making of the Asian Infrastructure Investment Bank (AIIB), the bank's president Jin Liqun reiterated here on Monday.

As a Beijing-headquartered multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond, AIIB now counts 84 members -- rising from 57 at its commencement two years ago.

AIIB has been applying high standards of governance based on international best practices to build the institution, Jin said in a speech to an event jointly hosted by think tanks the Bruegel and the Egmont Institute, noting that only 18 months into operation the bank received top ratings from all three international credit rating agencies.

The rating agencies once asked "how does China control this bank Tarvarius Moore Womens Jersey , how does China dominate the decision-making of this bank", Jin said.

"The answer is a straightforward no." Jin said, recalling the conversation at the time. "We don't feel it at all in the management team."

Asian countries account for 75 percent of AIIB's shares and non-Asian countries altogether account for 25 percent, which translate to voting power, but three out of the bank's five vice presidents are European.

"Belgium would be a full member very soon. I'm looking forward to Belgium's full membership in a couple of weeks or months C. J. Beathard Womens Jersey ," Jin said to the European audience. "I want Europeans to join this bank."

"In our executive committee meeting, we discuss thoroughly every issue before we reach consensus on making any decision. No decision has ever been made without thorough debate in the executive committee...It never ever has happened," he said.

INDIA IS MAIN BORROWER

While Jin did not in his speech address the AIIB's specific projects and borrowers, an analysis of the bank data shows that India has so far become AIIB's main borrower.

The bank's website lists 24 approved projects in 12 countries, with loans exceeding 4.2 billion U.S. dollars. Among them Reuben Foster Womens Jersey , there are five Indian projects totaling 1.074 billion, or more than a quarter of the lending.

That is in stark contrast with earlier fears -- largely from the West -- that China would channel money through AIIB to its "friends" over its "rivals", experts noted.

Available evidence shows that AIIB focuses on capacity of its projects to yield future returns, reflecting a sensible market-oriented objective approach as a development finance institution, Amitendu Palit Jaquiski Tartt Womens Jersey , Senior Research Fellow at the Institute of South Asian Studies at the National University of Singapore, wrote in an email to Xinhua.

There is little possibility of China "favouring" any of its "friends" through the AIIB given its multilateral character and the fact that the quality of projects is the main criteria for funding, Palit added.

"I had got very clear message from the Chinese authority: this (AIIB) is going to be an international bank; (it) is not a Chinese bank and I would do it independently," Jin said at the end of his speech.

BEIJING, Jan. 23 (Xinhua) -- Chinese Minister of Education Chen Baosheng on Tuesday promised to increase public spending and support for preschool education.

The ministry will set a standard for public spending on state-run kindergartens and subsidies for private kindergartens for each child Arik Armstead Womens Jersey , Chen told a national education conference.

Measures will be adopted to guarantee salaries and benefit for preschool teachers and to increase their professional qualifications, he said.

The government will encourage and support private kindergartens that provide affordable services and spend more money building new kindergartens and expanding existing ones in rural areas, less-developed regions, suburbs and regions where demand increases because of the relaxed birth control policy.

The government will tighten supervision of kindergartens to prevent malpractice, Chen said.

"We will try our best to prevent child abuse in kindergartens. Once discovered DeForest Buckner Womens Jersey , offenders will face severe consequences," he said.

The country was shocked by two high-profile child abuse cases by preschool teachers last year, one kindergarten under a famous brand in Beijing and a day care center under contract to a leading travel agency in Shanghai, calling attention to shortage of preschool education and qualification of teachers.

A report from the Education Policy Center of Southwest University shows that with China's implementation of the two-child policy in 2016, the demand for preschool education will see a sharp increase from 2019 and reach its peak in 2021. The report estimates shortfall of 11 Ahkello Witherspoon Womens Jersey ,000 kindergartens and 3 million kindergarten teachers by then.

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