China Applies for Joining Trans-Pacific Partnership Agreement, Japan: Must Observe Whether they can Follow the Rules
Chinese Commence Ministry announced they had formally applied for joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It is a free trade agreement involving 11 countries with approximately 5 billion population. However, it is still unknown whether China can successfully apply. According to Japanese media, Rotating Presidency Country Japan believed that they have to observe whether China can follow the strict rules of CPTPP.
Chinese Commence Ministry stated that Minister Wang Wentao submitted a CPTPP application letter to Damien O’Connor, New Zealand Minister of Trade and Export. The two ministers also held a conference call on the application.
Source: Stand News #Sep17
https://bit.ly/3arq5Tn
#China #CPTPP #Japan #FreeTrade #NewZeland #Export #WangWentao #DamienOConnor
Chinese Commence Ministry announced they had formally applied for joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It is a free trade agreement involving 11 countries with approximately 5 billion population. However, it is still unknown whether China can successfully apply. According to Japanese media, Rotating Presidency Country Japan believed that they have to observe whether China can follow the strict rules of CPTPP.
Chinese Commence Ministry stated that Minister Wang Wentao submitted a CPTPP application letter to Damien O’Connor, New Zealand Minister of Trade and Export. The two ministers also held a conference call on the application.
Source: Stand News #Sep17
https://bit.ly/3arq5Tn
#China #CPTPP #Japan #FreeTrade #NewZeland #Export #WangWentao #DamienOConnor
IMF chief called out over pressure to favor China while at World Bank
World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied "undue pressure" on staff to boost China's ranking in the bank's "Doing Business 2018" report, according to an independent investigation released Thursday.
The report, prepared by law firm WilmerHale at the request of the bank's ethics committee, raises concerns about China's influence at the World Bank, and the judgment of Georgieva - now managing director of the International Monetary Fund - and then-World Bank President Jim Yong Kim.
Source: Reuters #Sep17
https://www.reuters.com/business/sustainable-business/world-bank-kills-business-climate-report-after-ethics-probe-cites-undue-pressure-2021-09-16/
#China #Bank #JimYongKim #Report #IMF
World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied "undue pressure" on staff to boost China's ranking in the bank's "Doing Business 2018" report, according to an independent investigation released Thursday.
The report, prepared by law firm WilmerHale at the request of the bank's ethics committee, raises concerns about China's influence at the World Bank, and the judgment of Georgieva - now managing director of the International Monetary Fund - and then-World Bank President Jim Yong Kim.
Source: Reuters #Sep17
https://www.reuters.com/business/sustainable-business/world-bank-kills-business-climate-report-after-ethics-probe-cites-undue-pressure-2021-09-16/
#China #Bank #JimYongKim #Report #IMF
Probe finds World Bank changed data to boost China ranking
The World Bank is cancelling a prominent report on business conditions around the world after investigators found staff members were pressured by the bank’s leaders to alter data about China and some other governments.
The bank said on Thursday it would discontinue “Doing Business” following an investigation prompted by internal reports of “data irregularities” in its 2018 and 2020 editions and possible “ethical matters” involving bank staff.
Source: Aljazeera #Sep17
https://t.co/7A7y7sLyTF
#Bank #China #Ranking #Investigate
The World Bank is cancelling a prominent report on business conditions around the world after investigators found staff members were pressured by the bank’s leaders to alter data about China and some other governments.
The bank said on Thursday it would discontinue “Doing Business” following an investigation prompted by internal reports of “data irregularities” in its 2018 and 2020 editions and possible “ethical matters” involving bank staff.
Source: Aljazeera #Sep17
https://t.co/7A7y7sLyTF
#Bank #China #Ranking #Investigate