A Chinese Rival to the World Bank?

China has announced the creation of a large, internationally funded development bank to finance badly needed infrastructure in Asia.

 
But the United States is opposed to this Asian Infrastructure Investment Bank because it would rival existing institutions like the World Bank and Asian Development Bank, which are dominated by the U.S. and Japan.

 
Source: The New York Times / Oct. 20, 2014

Advertisements

3 thoughts on “A Chinese Rival to the World Bank?

  1. Wow! This could be one particular of the most useful blogs We’ve ever arrive across on this subject. Actually Excellent. I’m also an expert in this topic so I can understand your hard work. geakekfadegekfbc

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s