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BEIJING Alvaro Morata Spain Jersey , Jan. 8 (Xinhua) -- Chinese President Xi Jinping and Premier Li Keqiang will attend activities marking the opening of the Asian Infrastructure Investment Bank (AIIB).


Chinese Foreign Ministry spokesperson Hua Chunying told a regular press briefing on Friday.


Xi will attend and address the inaugurating ceremony in the morning of Jan. 16 while Li will address the founding conference of the AIIB council in the afternoon, Hua noted. The series of opening activities will last from Jan. 16 to 18.


The China-initiated development bank was formally established in Beijing on Dec. 25 of last year. The bank, headquartered in Beijing, now has 57 members.


Related:


AIIB's launch a milestone in global governance reform, to bridge Asia's infrastructure gap


BEIJING, Dec. 26 (Xinhua) -- The China-initiated Asian Infrastructure Investment Bank (AIIB) was formally established Friday Cheap Spain Soccer Hats , marking a milestone in the reform of the global economic governance system as well as in the infrastructure development in the Asia-Pacific region.


Tasked with financing infrastructure construction across Asia, it took just two years for the bank to develop from an idea on paper to a fully-fledged body with 57 developed and developing nations as prospective founding members. Full Story


China Focus: AIIB formally established in Beijing


BEIJING, Dec. 25 (Xinhua) -- The China-initiated Asian Infrastructure Investment Bank (AIIB), a complement to existing international financial system, was formally established Friday in Beijing and expected to start operation early next year.


""The AIIB is legally established as the Articles of Agreement take effect today,"" said China's Minister of Finance Lou Jiwei.

" A model displays a ZTE smartphone in Taipei on Saturday. ZTE has signed a partnership to become the official smartphone supplier of NBA team Houston Rockets Cheap Spain Soccer Hoodies , which are playing preseason games in Taipei. Zeng Peng Xinhua

Few Chinese companies have managed so far to gain a footprint in the huge and profitable United States market. But more Chinese firms are trying to establish a presence there, especially smartphone makers such as ZTE Corp.


On Oct 5, in the Toyota Center, in downtown Houston, Texas, Cheng Lixin Cheap Spain Soccer Shirts , the chairman and chief executive officer of ZTE USA Inc, looked a little bit nervous. A big fan of the NBA, Cheng was about to watch a preseason game featuring the Houston Rockets and the New Orleans Pelicans.


Cheng tried to keep calm by taking deep breaths. However, it was not only the game that was making him nervous. There was something much more important at stake. That night, he would make an important announcement to the thousands of people present at the venue and to many more outside the Toyota Center.


For the first time ever, ZTE was taking a bold move to market itself in the US market by using an NBA team's appeal. In the past several months Cheap Spain Soccer Jerseys , Cheng and his team had held frequent meetings with the management of the Houston Rockets to forge an alliance to boost ZTE's profile in the US smartphone market.


"This is the biggest overseas investment ZTE has made so far," Cheng told China Daily in an interview before that preseason game.


And the timing could not be better, since the Rockets' newly added Dwight Howard is playing this season together with James Harden, Jeremy Lin and others, making for a formidable team.


Many reasons made ZTE choose the Houston Rockets, Cheng said. Among them is the fact that Houston is one of the five biggest markets for ZTE in the US. The city can help ZTE conquer the country's smartphone market Thiago Alcantara Spain Jersey , which is now dominated by Samsung Electronics Co Ltd and Apple Inc.


"The Houston Rockets boast 350 million fans worldwide, and the team's popularity can also lift ZTE's branding in the United States," Cheng said.


That positive influence may even stretch to China, as well as to many markets in emerging countries, such as Indonesia and the Philippines, where a large percentage of young people are Rockets fans.


Branding


Under the terms of the deal Sergio Rico Spain Jersey , the ZTE is now the Houston Rockets' official smartphone supplier. The partnership will prominently feature ZTE's brand and products during Rockets games, as well as billboards and kiosks in Toyota Center — the team's main arena. In addition, Chandler Parsons, 24, a Rockets' rising star, will endorse ZTE's smartphones.


ZTE's partnership with the Houston Rockets has had an impact in Wone Brown's daily routine.


Brown Sergio Ramos Spain Jersey , in his 30s, is a salesman at a Houston-based Aio Wireless store. Aio is a sub-brand under the telecom carrier AT&T and Brown's store sells several smartphone models, including ZTE handsets.


"People buy ZTE smartphones because they're quite cheap and of high quality," he said, on a sunny afternoon in the store, which is decorated with three glass walls. However Sergio Busquets Spain Jersey , few mobile phone buyers know the ZTE brand and he needs to make an extra effort to promote the Chinese company's devices.


The most popular ZTE handset is a model priced at $49.99. That device is also the cheapest smartphone in the store.


"Maybe the Houston Rockets can help draw the customers' attention to ZTE smartphones, other than the pricing factor. The company is for sure making the right move," Brown said.


To many people's surprise, ZTE has already made inroads into the US smartphone market, quietly and steadily. ZTE is now the fourth-largest mobile phone vendor in the US, with a market share of about 4 percent Santi Cazorla Spain Jersey , according to the company.


But the figure is still lagging far behind those of the top three players — Samsung, Apple and LG Corp. Samsung has an about 40 percent share, while Apple and LG have 25 percent and 13 percent, respectively.


Branding is the major obstacle for ZTE to overcome so that it is able to narrow the gap with the market leaders and to truly penetrate into the mid- and high. Andres Guardado Mexico Jersey Cheap Spain Jerseys Cheap Netherland Soccer Jerseys Cheap Italy Soccer Jerseys Wholesale Germany Jerseys Vieirinha Portugal Jersey Yohan Cabaye France Jersey Wayne Rooney England Jersey Vedran Corluka Croatia Jersey Yerry Mina Colombia Jersey
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