ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperOpinion / From the ReadersEditorialsOp-EdColumnistsContributorsCartoonsSpecialsFrom the PressForum TrendsFrom the ReadersDebateEditors Pick:Syrian refugeescyberspaceV-Day paradeshrimp scandalTPPBrainstorming on BRICS bank(China Daily) Updated:2014-07-10 07:26Comments Print Mail Large Medium SmallComment on “Time is ripe for BRICS own bank” (China Daily, July 8)The first and foremost rule for a BRICS bank must be to avoid doubts and prevent arguments. Friendly consultations are meant for cooperation, not operation and governance.Time should not be wasted on political haggling and the banks view must be global, not regional or national. Usually a strong bank is complemented by a strong economic organization and a solid educational institution.BRICS, therefore, should establish strong research and rating organizations to guide member states toward sustainable growth and political stability, and to suggest ways to conduct cross-border cooperation and joint ventures. This job, however, should not be handled by one country, because it could influence the outcome.BRICS can create an entity to hold up to 65 percent of the banks capital, and allow non-member states to take up to 35 percent of the stakes, for which Germany, Italy, Canada, Turkey and Indonesia are some potentially good candidates.BIZTRU, from China Daily websiteReaders comments are welcome. Please send your e-mail to or or to the individual columnists. China Daily reserves the right to edit all letters. Thank you.(China Daily 07/10/2014 page9)8.03KRelated StoriesBRICS good story will continue: envoyEnvoy calls for more openness at BRICS meetJoint Communiqué of the BRICS Member States on HealthChinese envoy says BRICS can regain rapid growthMost Viewed Todays Top NewsAirlines must work together for safer skiesOvercoming growth risks with more relaxed environmentQuality matters, not quantityPeople-to-people exchanges key to relationsOil prices may recover at end of 2015Forum TrendsShould adult children live with their parents?Why few Chinese brands make it abroad?Seven expat survival tipsWhy do Chinese films fail to sell overseas?Top 10 things to do in ChinaIs it fair to have kids when you cant afford them?Forgive, but never forget!ColumnistsUS should pivot away from containmentFilm sectors rosy picture dotted with dark cloudsFeatured ContributorsFor whom does the road toll greedily?No more ugly Chinese tourists, pleaseStar BloggersInstagram purge: stupid action or wise move? By ampraxu123Instagram is a photo sharing social media site like Flickr and has been loved by millions upon millions of users and followers online.Arguments on toddlers crotchless pants By Judy_ZhuA pair of crotchless pants that have a split in the crotch for Chinese toddlers has become since last month a contentious issue in the United States.Most Chinese people are great By MichaelMIve had a wide range of dramatic experiences lately. Last night at dinner, I had one that is often repeated, but, not quite as much as it did. Let me explain.SpecialExperts take on world in 2015Top 10 most popular cartoons of 2014Cartoons capture 10 major China stories of 2014…| About China Daily | Advertise on Site | Contact Us | Job Offer | Expat Employment |Copyright 1995 -var oTime = new Date();
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