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SYDNEY Cheap Nike Air Max Outlet , April 15 (Xinhua) -- A leading Australian expert on Chinese affairs said Japan and the United States were now on the outer after declining to join the China-proposed Asian Infrastructure Investment Bank (AIIB) as founding members.
Founding membership will be finalized on Wednesday, but both nations have decided not to take part in the historic establishment of the Chinese-led bank which now has 50 prospective founding members, including economic powerhouses Germany, South Korea, Britain and France.
Instead of being part of the foundation stage Cheap Air Max 2018 Outlet , when the AIIB's ultimate structure and regulations will be established and where they could have been involved, Professor James Laurenceson of the University of Technology Sydney said the United States and Japan had lost their chance.
"The ball is now in the U.S. and Japan's court," Laurenceson, deputy director of the Australia China Relations Institute, told Xinhua. "The rest of the world has been pretty clear they're keen to draw China into the international fold. It's really just the U. S. and Japan that are sitting on the outside."
"Personally I think it would have been good for the U.S. and Japan to have joined. All their concerns would be far better managed if they were actually founding members of this bank Cheap Air Max 90 Outlet ," he added.
The major European nations and Australia resisted strong pressure from Washington by signing onto the AIIB.
"The big story of the last month or two is the broad support that the AIIB has attracted -- that's really what has changed," Laurenceson said.
"A group of countries like-minded with Australia have joined the bank. A broad coalition of nations is supporting China to take a more active role in economic management in one of the most important regions in the world."
The AIIB, once established, will provide financing for roads, railways Cheap Air Max Outlet , airports and other infrastructure projects in Asia.
Australia applied to join on March 29, two days before the cut- off date to be a founding member involved in the establishment process.
The Australian government last week announced that the former boss of the prime minister's department, Ian Watts, would head a team to negotiate Australia's position on the proposed AIIB.
Laurenceson said the United States and Japan were reluctant to change the current global financial balance of power held by the International Monetary Fund (IMF) and World Bank (WB), which they largely control.
Both countries have also expressed fears China would dominate the AIIB voting Cheap Nike Air Max 2018 , but Laurenceson said the fact so many countries were now on board meant China's control was already diluted -- which he said is what China always wanted.
"The proposed AIIB is now clearly a more multilateral one," he told Xinhua. "China's intention in the beginning was for it to be a more multilateral institution."
"But it's still a challenge (to the United States and Japan). But the rest of the world doesn't see this as a problem."
The AIIB seeks to complement the roles of the IMF and WB. Voting rights for members in the AIIB will be based on their current GDPs.
As for corporate governance, Laurenceson said China had impressed upon the founding members that this was vital to the success of the new bank.
"I see China adopting very high standards and encouraging this bank to adopt very high standards, because if it doesn't it is going to reflect badly on its chief sponsor, which is China Cheap Nike Air Max 90 ," he said.
"So China has every reason to make sure this bank maintains high standards in its lending processes and decisions on where to invest."
KAMPALA, July 31 (Xinhua) -- Uganda's team of 11-12 year old girls have qualified for the 2015 Little League Softball World Series.
The team coached by Allen Vivian Balondemu and Dorren Nampiima beat Italy 6-5 in the final of the EuropeAfrica Championship qualifiers held in Kutno, Poland on Thursday night.
Paul Nkubito Kateregga, the Development Director at Uganda Little League Baseball told Xinhua on Friday that they are happy about the achievements since the boys team also qualified for the Baseball World Series.
He said the girls will return and straight away start preparing for the event to take place in Portland, Oregon between August 14-20.
Jasper Aligawesa Cheap Nike Air Max , the General Secretary of the National Council of Sports (NCS) praised the Uganda Little League body for the work well done for promoting the sport and making sure the youngsters perform at International level.
Kateregga said the two teams of the boys and girls will now return to process their US visas before traveling. "All expenses and accommodation for the teams will be paid by the the World Baseball and Softball body," added the official.
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BUENOS AIRES， May 6 (Xinhua) -- Argentina's President， Mauricio Macri， predicted on Friday that the 3rd Youth Olympic Games 2018， which will be held in the capital city， will be "a great party" for the South American nation.
In 2018， young people from 207 countries will arrive and "every one of them will return home saying 'I got to know a marvellous place with unique people' and this place will be our country，" said the president.
Macri spoke during a ceremony that was held to lay the foundation stone for the Olympic Village in the City Park， in Buenos Aires' southern Villa Soldati neighborhood.
Buenos Aires will host the Youth Olympic Games， following on from the 2nd edition that was held in Nanjing， China， in 2014.
"Soon (Youth Olympics) 2018 will be here and it will be a great party of Argentina，" predicted the president in his speech alongside the president of the Argentin. NFL Jerseys Wholesale Authentic NHL Jerseys Cheap Baseball Jerseys Wholesale Jerseys Wholesale NHL Jerseys Wholesale Baseball Jerseys Cheap New NHL Jerseys Wholsale New NFL Jerseys China Nike NFL Jerseys Wholesale College Baseball Jerseys Wholesale