| ID | 155241 |
| Title Proper | crossing the river by feeling the gold |
| Other Title Information | the Asian infrastructure investment bank and the financial support to the belt and road initiative |
| Language | ENG |
| Author | Gabusi, Giuseppe |
| Summary / Abstract (Note) | China's Belt and Road Initiative (BRI) is, above all, a connectivity project. As connectivity requires financial support, in the past few years China has undertaken several institution-building activities at the national and international level, mainly in the financial and economic sector, showing a new propensity to influence global economic governance. In particular, the establishment of the Asian Infrastructure Investment Bank (AIIB) has drawn attention worldwide. How does this institution-building process connect with BRI? Are these institutions just a vehicle for exporting China's capital and overcapacity, or do they signal a potential wider challenge to the post-World War II liberal international order? By analyzing the first loans approved by the bank, the present paper argues that far from representing a China-led challenge to the Western-led liberal order, the AIIB, while promoting Chinese commercial and geopolitical interests, shows the resilience of the global financial regime created by the West. |
| `In' analytical Note | China and World Economy Vol. 25, No.5; Sep-Oct 2107: p.23–45 |
| Journal Source | China and World Economy 2017-10 25, 5 |
| Key Words | China ; International Economic Order ; Asian Infrastructure Investment Bank ; Belt and Road Initiative |