American Loses out to China on the AIIB

American Loses out to China on the AIIB

Add to

Share

More
4,770 views

Published on Apr 11, 2015

China founded its own multilateral financial institution, similar to the IMF or World Bank, called the Asian Infrastructure Development Bank (AIIB). America opposed the formation of the AIIB on the grounds that transparency and good governance could not be assured. In March, most of America’s allies, throughout Europe and Asia, with the exception of Japan, opted to join the AIIB, over the US’s objection. Definitely a miscalculation and diplomatic defeat for the US. Maybe not a home run for China.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s