China’s Master Plan to link Asia, Europe
On Christmas Day in 2015, 17 nations signed an agreement to establish the Beijing-sponsored Asian Infrastructure Investment Bank (AIIB). Within a week, the world’s latest multilateral bank was open for business. It now has 57 members.
Addressing the Asian Financial Forum in Hong Kong in January, China’s Vice-Minister for Foreign Affairs, Liu Zhenmin, told the audience: “AIIB is going to facilitate mutual access in the region for economic growth. A good start means half of the success.“