The tone of this article surprises me, downright triumphal, very unlike the Chicom press. The Chinese effort to sidestep the USA Hegemon has turned out spectacularly successful...
In one sense the schadenfreude is understandable, the USA was quick insulting and threatening as the idea moved forward, cautioning, of all things, that China start at the USA's high standards, implying 1. The USA standards are high (bailouts, much?) 2. The Chinese standards are low. The world has voted.
Read the article, USA charges too much to demand too much. People prefer Chinese management to USA management.
Feel free to forward this by email to three of your friends.
Et tu, Japan?
China checkmates US on Asia bankThe China-led Asia Infrastructure Investment Bank has 47 countries that have joined or applied to be part of it, as US allies reject Washington's concerns, Zhao Yinan reports from Beijing.
If Japan does join, it means the US will be the only G8 nation not clear about its attitude towards the bank project, set to be launched by the end of this year with initial capital of $50 billion.
Kyrgyzstan and Sweden applied on Tuesday and Israel announced on Wednesday it had applied, bringing the total number of would-be founding members to 47 across five continents.
Even before the announcement of when it will launch, the AIIB has dominated headlines, resulting in clashes of opinions on whether the bank can succeed in making money through infrastructure construction - as well as establishing a new financial system to reduce the US dollar's influence on the global economy.
In one sense the schadenfreude is understandable, the USA was quick insulting and threatening as the idea moved forward, cautioning, of all things, that China start at the USA's high standards, implying 1. The USA standards are high (bailouts, much?) 2. The Chinese standards are low. The world has voted.
Read the article, USA charges too much to demand too much. People prefer Chinese management to USA management.
Feel free to forward this by email to three of your friends.
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