 Is the AIIB a China‐controlled Bank? China’s Evolving Multilateralism in Three Dimensions (3D)Jiejin Zhu Global Policy, 2019, vol. 10, issue 4, 653-659 Abstract: Is the Asian Infrastructure Investment Bank a China‐controlled bank? This basic question highlights the issue of the Asian Infrastructure Investment Bank’s (AIIB) international credibility, especially as a multilateral institution. AIIB president Jin Liqun recognized the ‘multilateral challenge’ for China from the outset of the planning to create the new Bank, and he understood that the new Bank would only be a real success for China if the AIIB is truly a multilateral development bank – inside Beijing circles, he added, ‘and only if the new Bank does better than the long‐established counterpart MDBs’. These sentiments were alluded to in Jin’s remarks in the Financial Times: ‘China benefited a lot from the existing international system. China needs to do something which can help it be recognized as a responsible member and maybe a responsible leader in the future… if it does well, that will enhance China’s credibility, but if this institution does not follow the international best practice, who will believe in China in the future’. Skeptics, however, question whether it is ever possible that China will allow the AIIB to develop into an actual multilateral bank. Date: 2019 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:glopol:v:10:y:2019:i:4:p:653-659 Ordering information: This journal article can be ordered from Access Statistics for this article Global Policy is currently edited by David Held, Patrick Dunleavy and Eva-Maria Nag More articles in Global Policy from London School of Economics and Political Science Contact information at EDIRC. |
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