South Korea attempts to remain neutral between China and the United States. How could South Korea membership with the AIIB be a blow to U.S./Korean relations?
China Ignores India's Disapproval of CPEC.
India, the second largest investor in the AIIB, discourages China's investment in CPEC, but to no avail. India should accept that the CPEC could benefit through increased cooperation in the region.
Cyprus Aims to Actualize the Silk Road Initiative via AIIB.
Cyprus officials state that the AIIB is the institutionalization of the One Belt, One Road development strategy, a strategy which the government of Cyprus supports. In applying to become a founding member of the AIIB, Cyprus hopes to increase cooperation both within Asia and Europe.
What's Really Behind the Lack of US Support for the AIIB?
The U.S. is rumored to have not joined the AIIB due to criticism by the IMF and World Bank, both mainly led by the U.S. However, U.S. officials claim that the lack of support is due to the AIIB's questionable governance and environmental standards. Despite the lack of U.S. support for the AIIB, U.S. President Barack Obama and Chinese President Xi Jinping have agreed to "handle their differences constructively". In contrast, the U.K. and China are expected to expand their trade relations.
Is China's Exclusion from the TPP about High Standards of the Balance of Power?
China has been locked out of the TPP due to the high standards on labor, the environment, and intellectual property. China is not suspected to be concerned about the TPP due to other economic projects, including the Silk Road Project and the New Development Bank. The U.S. is suspected to be using the TPP in order to balance against China.
More Discussions this week....
Can the AIIB's new sleek platform better aid development in the third world more so than the World Bank or IMF?
Once again, another week full of developments for the Asian Infrastructure Investment Bank. Check back with our blog next Tuesday for another weekly update.
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