Summary of China’s New Investment Bank

A Premature Prophecy

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China’s New Investment Bank summary
China isn’t taking over the world economy just yet, but its new investment bank is taking a step in that direction.

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7 Innovation

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In its latest bold move as it leaps onto the global economic stage, China has launched its own version of the World Bank. United States’ officials fret about the Asian Infrastructure Investment Bank, but there’s no need to worry just yet, Stratfor’s Mark Fleming-Williams writes in this brief analysis. He persuasively notes that, while China is gaining fast on the United States, the American position is under no imminent threat. getAbstract recommends this report to international business managers and policy makers seeking insight into global maneuverings.

In this summary, you will learn

  • Why China started its own global infrastructure bank
  • Why American officials fret over the perceived challenge
  • Why the United States will remain the world’s financial power for the near future
 

Summary

Reflecting its global ambitions, China launched the Asian Infrastructure Investment Bank (AIIB) in 2015. United States’ officials, irked at China’s decision, urged its allies not to enlist in the new bank, but many nations signed on despite Washington’s disapproval. Former US Treasury secretary Lawrence...
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About the Author

Mark Fleming-Williams studies political economies, trade and financial trends for Stratfor, a geopolitical intelligence advisory firm.


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