China

The Chinese century?

Print edition : May 01, 2015

China's President Xi Jinping (fourth from right) with guests at the AIIB launch ceremony at the Great Hall of the People in Beijing on October 24, 2014. Photo: Takaki Yajima/REUTERS

Microsoft founder Bill Gates (second from right) at the Boao Forum for Asia in Hainan Island on March 28. Photo: AP

Martin Schulz, President of E.U. Parliament, in Beijing on March 17. He said he welcomed the four European nations joining the AIIB, but added that the bank must conform to internationally accepted standards. Photo: KIM KYUNG-HOON/REUTERS

There seems to be no stopping the rise and rise of China as prominent members of the Atlantic alliance desert the U.S. to join China’s Asian Infrastructure Investment Bank initiative, seen as its alternative to the World Bank and the IMF.

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