Asian Infrastructure Investment Bank

Question 1

Regional development bank

Answer 1

yes

Question 2

Why (incentive)?

Answer 2

• China vs US economic competition
• WB favouring US
• reducing regional tensions

Question 3

What year and HQ?

Answer 3

2015, Beijing

Question 4

Purpose

Answer 4

• promote ‘Silk Road Economic Belt’
• infrastructure development for transport and communication
• Chinese soft power?

Question 5

Criticisms:

Answer 5

• Chinese dominance

- lack of accountability

Question 6

Rest of the world response of the AIIB:

Answer 6

• suspicion (US, Japan)
• wants to join (Europe)
• divisions (Australia)