The AIIB and Chinese Strategy
Next month, the Asian Infrastructure Investment Bank will hold its first general meeting, the aim being to launch operations before the end of the year. Will it turn out to be a bank of China, by China, and for China, or will it pursue a multilateral agenda in the manner of the World Bank and regional development banks?
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TOKYO – Next month, the Asian Infrastructure Investment Bank (AIIB) will hold its first general meeting, the aim being to launch operations before the end of the year. And now China has doubled down on its effort to secure a controlling role in the new bank by increasing its initial investment from a planned $50 billion to $100 billion.