In These New Times

A new paradigm for a post-imperial world

A look at the new China-led financial institutions

Posted by seumasach on March 23, 2015

 

Here is confirmation of China’s potential world leadership. From now on, China has internationalized its “soft power” and these institutions will become truly global in their scope. Why else would “developed countries” like Britain be so desperate to join them- to make sure they live up to our own exacting standards of financial probity?If capital investment coming into Britain comes through banks of which we are founding members things become a lot easier politically

Deutsche Welle

20th March, 2015

The BRICS New Development Bank (NDB), the Asian Infrastructure Investment Bank (AIIB), and the Silk Road Fund are all international initiatives spearheaded by China over the past months that symbolize Beijing’s growing influence in providing development funding and potential new sources of financing for developing countries.

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