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China put a mandatory Transfer of Technology to the foreign companies for years, in order to sell your products in such a huge market you gladly do it, with this money you develop new techs anyway. Now, with this know how, Chinese create their own technology,The white westerner love them so much, who know how many technology they gave CHina in these 30 years
After our economy become normal,we should push the Uyghur issue,China will angry and sanctions us,then we can sanction their goods.Increase taxes of Chinese import products by 200%.
After our economy become normal,we should push the Uyghur issue,China will angry and sanctions us,then we can sanction their goods.
World Bank in Talks to Double Turkey Exposure to $35 Billion
The World Bank is in advanced talks to potentially double its exposure to Turkey to $35 billion to help stabilize the Middle East’s largest non-oil economy, according to people with direct knowledge of the matter.
- Bank to mobilize new $18 billion, adding to existing programs
- Funds to help stabilize Middle East’s largest non-oil economy
The discussions include a World Bank pledge of as much as $18 billion for projects over the next three years, in addition to more than $17 billion in programs already in place, the people said, asking not to be named because the talks aren’t public. The funding would include direct lending to the government as well as support for the private sector, the people said.
Turkey’s Treasury and Finance Ministry declined to comment on the talks. The World Bank also declined to comment.
The Turkish lira pared its lossets and credit-default swaps fell while the banking index rose as much as 4% on the news.
A deal would mark a vote of confidence in the newly-installed economic administration of Treasury and Finance Minister Mehmet Simsek and central bank Governor Hafize Gaye Erkan. Since they were appointed in June, Turkey has begun to undo years of unconventional, growth-at-all-costs economic policies pushed by President Recep Tayyip Erdogan until his re-election in May. Simsek and Erkan are leading efforts to rein in runaway inflation and put the nearly $1 trillion economy on a more sustainable path.
The World Bank expects two-thirds of the $18 billion to go to Turkey’s private sector through direct investment and guarantees, the people said. Some of the funds would be used to provide short-term guarantees for trade finance and support Turkish exporters, they said.
Quake Reconstruction
The program currently under discussion highlights the World Bank’s support for Turkish policymakers’ efforts to restore macroeconomic stability, according to excerpts from a draft document viewed by Bloomberg. Simsek and Erkan met with Ajay Banga, the president of the Washington-based lender, in India in July, Turkish state media reported at the time.
Some of the newly dispatched funds will likely be allocated to help in reconstruction of areas devastated by two massive earthquakes that struck Turkey’s southeast on Feb. 6, killing more than 50,000 people.
The government has pledged to build some 200,000 residential units within a year for survivors, and estimated the cost of reconstruction at about $100 billion. The World Bank has already extended a €910.5 million ($980 million) loan to Turkey for rebuilding, part of its existing $17-billion allocation.
Financing Gap
Following the earthquakes, Turkey’s current-account deficit widened to about 6% of gross domestic product, as exporters in the affected areas suffered outages and ultra-low borrowing costs encouraged imports.
Erdogan went on a tour of the Middle East Gulf in July, returning with pledges of tens of billions of dollars in investments from the United Arab Emirates and Saudi Arabia. The arrangement with the World Bank would mark the biggest source of external financing since Erdogan’s visit to the Gulf petrostates.
Bloomberg - Are you a robot?
www.bloomberg.com
Any idea what this could mean for learning process?Their parents dont accept any kind of failure
Any idea what this could mean for learning process?
Our males havent any pressure,they still didnt want to run nowEither they learn to achiever or higher or the pressure gets to them. The problem is they wont settle even for a 90 score.
Pressure is especially huge on Japanese males.
No process without making mistakes.Either they learn to achiever or higher or the pressure gets to them. The problem is they wont settle even for a 90 score.
Pressure is especially huge on Japanese males.
Our government should change the minimum requirement the quality of goods ( Standards), to make imports from China more expensive.China are not necessarily of good quality, we choose them because they are cheaper ” .