Beijing will create a World Bank

In China seriously set out to minimize the influence of the US in the Asian economy, and now Beijing has been actively working towards the creation of its own pan-Asian bank. The new structure will be called the Asian Infrastructure Investment Bank (Asian Infrastructure Investment Bank or AIIB). In Asia, the news was received with great enthusiasm, at least to date, more than twenty Asian and Middle Eastern countries have declared their willingness to participate in the project.

Peoples Republic of China at the moment is not too happy with the strong dependence of existing international financial institutions (World Bank and Asian Development Bank) from the United States. Therefore, Washington and its allies will either be completely excluded from the new Chinese project, or their influence in the new bank will be minimal.

AT
Celestial seriously set out to
minimize the influence of the US in the Asian
economy, and now Beijing has been actively
work towards the creation of the
own pan-Asian bank. new
structure will be referred to as Asian
Infrastructure Investment Bank
(Asian Infrastructure Investment Bank or
AIIB). In Asia
The news was received with great
enthusiasm, at least on
Today, more than twenty
Asian and Middle Eastern countries
They expressed their willingness to participate
in project.

Chinese
People's Republic today
time does not suit too strong
dependence existing international
financial institutions (World Bank
and the Asian Development Bank), the United
States. Therefore, Washington and its allies
or they will be completely excluded from the new
Chinese project, or their influence in
the new bank will be minimal.

Already
picked in the first priority
AIIB: it
It will be the construction of a "new Silk
the way. " Development and construction of new
transport routes between China
and European countries will
financed both by the Chinese authorities,
and the participating countries.
Analysts say that in the case of
China will manage the project
significantly increase the convertibility
RMB and thus solving one of the
the main objectives of its economy.