With Beijing holding the majority of AIIB’s voting rights, the bank is seen by analysts as a deliberate effort to pull Asian countries closer into China’s orbit.
Despite U.S. objections and concerns, China’s $100 billion initiative seems determined in its quest for respectability and prominence.
The South China Sea played a prominent role at the Shangri-La Dialogue. However, ambiguity on several issues might prolong these very same tensions.
China’s assertive attitude towards its neighbors and America’s role in East Asia has slowly morphed since last autumn’s final round of provocative acts into something less strident.
Should the U.S. allow geopolitical rivalry to subsume economic matters?
While these institutions have made some headway in meeting the infrastructure needs of Asian countries, some critics of the World Bank and ADB argue they are slow and bureaucratic, and impose stifling environmental and social constraints which deter investment.
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