The infrastructure needs of Asia are vast, and as China’s development showed in the last 30 years, infrastructure is essential for job creation, improvement of living standards, and economic growth. As an alternative to private financial investment, which mostly flows into mature markets, the AIIB seeks to create trans-national partnerships to aid infrastructure development.
Zhang Monan, Researcher, China Int'l Economic Exchanges Center via CHINA US Focus http://ift.tt/1D8Pf3F
Zhang Monan, Researcher, China Int'l Economic Exchanges Center via CHINA US Focus http://ift.tt/1D8Pf3F
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