BullionStar News
Writers Torgny Persson, Koos Jansen
& Hong Kang See

This Is What The AIIB Is About

Monday the 30th of March 2015
Until March 31 countries can submit for membership of the Asian Investment Infrastructure Bank (AIIB), a financial institution proposed by China, which has the purpose of being a multilateral framework to finance infrastructure projects in the wide Eurasian region. In recent weeks many Western countries have submitted for membership, the US rejected application as it fears strong cooperation between Asia and Europe will weaken the US dollar hegemony. On April 15 the final list of the founding members will be disclosed.

In October 2013 the initial idea for the AIIB was first put forward by Chinese President Xi Jingping “on constructing a 21st Century Maritime Silk Road to promote maritime cooperation”. The strategic vision has currently developed into the New Silk Road Economic Belt, of which the AIIB is one segment. Another segment is, for example, the Silk Road Infrastructure Fund

AIIB silk road

The New Silk Road Economic Belt Strategic Vision


As early as February 2014, Xi held a meeting with the Gulf Cooperation Council (GCC) to establish better ties between China and the Gulf, for free trade and to secure China’s oil supplies.

That same month China’s Foreign Minister Wang Yi went on a flurry of trips to meet with Israeli Prime Minister Benjamin Netanyahu, the Saudi Arabian crown prince, the Iranian Foreign Minister, as well... Continue Reading
By: Koos Jansen
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