The bank will in the meantime make efforts to reduce its reliance on net interest income by improving the contribution of non-interest income to operating income, he said.
The author is director of the Institute of Peace and Diplomatic Studies and secretary-general of the Pakistan Shanghai Cooperation Organization Friendship Forum. The views do not necessarily reflect those of China Daily.
The author also observed that global dependence on China will not come down, as other countries and telecom operators, ravaged by COVID-19, will struggle to match China's spending.
The authors are freelance journalists for China Daily.
The backwardness associated with Pudong has long become a thing of the past after 28 years of development, during which the area has turned into a new symbol and pioneer of the country's reform and opening up.
The bank is also the country's biggest issuer of bonds serving rural development, according to Qian Wenhui, governor of the ADBC.
邯郸怀孕3个月可以做4维彩超吗
The biggest mistake we’ve made so far:?“It’s hard to choose…there are so many. We have a culture of embracing failure, admitting it and learning from it. We made many mistakes, still do, and will probably continue to do so. Strategically, one of our biggest mistakes early on was that we spent too much time on research?and not enough on experimentation;?Eric Reis?would have not been happy with us.”
The bank, with almost five years of operational experience, aims to develop into a new multinational development institution to improve connectivity and economic integration among its members, and will expand projects to other productive sectors, AIIB President Jin Liqun said at the bank's annual meeting on Tuesday.
The artist did not begin to write until the age of 53. His literary endeavors resulted in hundreds of poems with a unique fusion of words and visual imagery.
The awardees' work stems back to 1984, when Rosbash and Hall, who was then also at Brandeis, along with Young isolated the "period gene" in fruit flies. Hall and Rosbash found that a protein encoded by the gene accumulated during the night and degraded during daytime. A decade later, Young discovered another "clock gene".