Trade War: Vice President and Trade Tension

trade war: It is obvious that rising geopolitical uncertainty, including the trade tension, resulted in a modest downturn in private-sector investment in infrastructure in 2018, Danny Alexander, vice president of the AIIB, told the Global Times in a meeting held at a Beijing-based think tank, Center for China and Globalization, on Tuesday, according to Global Times China. As the escalating trade war might raise financial risks for the economy, Alexander said that the bank has a very rigorous assessment procedure that looks at the quality of the project, and it is investing in projects of high quality that will deliver strong returns. Photo Song Lin/GT As a multilateral financial institution initiated by China, the Asian Infrastructure Investment Bank AIIB will assume a more important role in stabilizing and boosting the economies of its 97 members to counter the negative effects brought by the China-US trade war, a senior executive said. The trade war has reinforced the importance of the role of the AIIB, which seeks long-term investments and could invest countercyclically. Inadequate infrastructure is one of the key constraints on sustainable economic growth, particularly in developing countries, Alexander said. We support infrastructure programs, even when there are other economic difficulties, he said. (news.financializer.com). As reported in the news.