{"id":26324,"date":"2015-04-14T16:55:09","date_gmt":"2015-04-14T14:55:09","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=26324"},"modified":"2015-04-16T06:28:13","modified_gmt":"2015-04-16T04:28:13","slug":"26324","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/26324\/","title":{"rendered":"Joining the AIIB?"},"content":{"rendered":"

Will Kickey writes: March 31 marked the deadline for charter founders to line up for the new China-led Asian Infrastructure Investment Bank, \u4e9a\u6d32\u57fa\u7840\u8bbe\u65bd\u6295\u8d44\u94f6\u884c, or AIIB initiative. At the last moment Norway, Taiwan and others rushed to find the good graces of the Chinese opportunity. Many countries seek Asian influence, and Washington has been miffed by Chinese rejection of its traditional actors \u2013 the World Bank, the International Monetary Fund and the Asian Development Bank. The US and Japan, initially cool but now perhaps contemplating some eventual partnership, will remain on the sidelines.<\/p>\n

A Chinese proverb says \u201cthey sleep in the same bed but dream different dreams.\u201d The AIIB founding members are a diverse group with a range of investment agendas:
\nSouth Korea, marginalized in the Asian Development Bank, and despite US misgivings, expects to take a stake of upwards of 5 percent in the AIIB. With it heavy equipment industry, Hyundai, Doosan and infrastructure prowess in everything from roads to ports to bridges with GS, Hanwha and POSCO, South Korea will not play second-place against Japanese industry.<\/p>\n

Australia, another country the US had leaned heavily on not to join, counts China among its main export markets for coal, copper and iron ore through its mining giants BHP, Rio Tinto and Leighton \u2013 creating the industrial might for major infrastructure projects.
\nThe United Kingdom, the first major EU country to clamor for AIIB membership, mystified Washington by keeping it out of the loop during secret negotiations. While the UK\u2019s major interests in accomodating China are unclear, it undoubtedly hopes to regain Asian outcome could prove controversial: a technological marvel, but wracked\u00a0 with social and environmental concerns.\u00a0\u00a0\u00a0 Joining the AIIB<\/a><\/strong><\/p>\n

\"AIIB\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Will Kickey writes: March 31 marked the deadline for charter founders to line up for the new China-led Asian Infrastructure Investment Bank, \u4e9a\u6d32\u57fa\u7840\u8bbe\u65bd\u6295\u8d44\u94f6\u884c, or AIIB initiative. At the last moment Norway, Taiwan and others rushed to find the good graces … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[70,13],"tags":[],"class_list":["post-26324","post","type-post","status-publish","format-standard","hentry","category-big-banks","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t