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General News 3/20/2015 at 4:33 AM EDT H3'ed 3/20/15

The Asian Infrastructure Investment Bank: Following the money

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(Video included) STRATEGIC rivalry between America and China, usually masked by the two countries' insistence they mean each other well, takes many forms. Rarely does a clear winner emerge. An exception, however, is the continuing tussle over China's efforts to form and lead a new Asian Infrastructure Investment Bank (AIIB). China has won this round, gaining the support of American allies not just in Asia but in Europe, and leaving America looking churlish, and ineffectually so.

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)

Related Topic(s): Allies; China; China Investment Corp; China Russia Alliance; China Russia Alliance; China Top Economy 2030; China-US Agreement; Infrastructure Development; Infrastructure US; War With China, Add Tags

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