What Does Europe’s AIIB Entry Mean for China and U.S.?

The move by China to create the AIIB doesn’t imply intention to control the bank; instead it is an attempt to enhance its “soft power,” while avoiding typical international norms of competing for hegemony. Europe’s participation has rendered the AIIB international credibility; yet China is wary that the new institution is already over-politicized even before its official launch and operation.



Pang Zhongying, Professor, Renmin University via CHINA US Focus http://ift.tt/1I3CHwJ