Zhang Tuosheng, Academic Committee Member at Institute for Global Cooperation and Understanding, Peking University
May 04, 2023
New international institutions, mechanisms and laws — as well as the reform and improvement of existing ones — should no longer be dominated by the West. The shaping of a new global order should be done through multilateral cooperation.
Jun 05, 2019
Dan Steinbock, Founder, Difference Group
Feb 11, 2019
In the postwar era, the multilateral development banks were created to facilitate global trade. Today, they are ‘America First’ targets.
Aug 31, 2018
Trade is essential to the success of America and the American people. It represents about a third of U.S. GDP, and has helped build the U.S. economy into the undisputed #1. Tariffs are bad news for everyone.
Oct 13, 2017
The Trump administration is holding out against a capital increase for the World Bank until it overhauls its lending to China and other middle income countries,
- AIIB and World Bank Reach Deal on Joint Projects, as China-led Lender Prepares to Approve US$1.2 Bil
Apr 15, 2016
The Beijing-led Asian Infrastructure Investment Bank and the US-dominated World Bank – originally seen as rivals – have signed an agreement to co-finance projects.
Apr 11, 2016
The World Bank says China's slowing economy will remain the main driver of growth in Asia this year, helped by sustained expansions in many developing economies.
Gong Ting, Research Fellow, China Institute of International Studies
Jul 14, 2015
The key legal framework for the China-initiated regional multilateral institution – the Asian Infrastructure Investment Bank (AIIB) – was inked by representatives of the bank’s 57 founding members in Beijing last Monday. For China and the U.S., the AIIB is not about win-lose. A win-win result can be achieved if both sides are more open-minded.
Ding Yifan, China Forum Expert and Deputy Director of China Development Research Center
May 08, 2015
To some extent, the structures of the Asian Development Bank, World Bank, and International Monetary Fund are obsolete: they can no longer meet the needs of new emerging economies and don’t reflect today’s global economy. The AIIB could serve to invigorate the other banks to become more competitive and efficient.
Apr 28, 2015
Despite official American and Japanese opposition, 57 countries have opted to be among the founding members of the China-led Asian Infrastructure Investment Bank (AIIB). Regardless of what naysayers believe, this remarkable turn of events can only benefit global economic governance.