China’s creation and evolution of the Asian Infrastructure Investment Bank illustrates a strategy of shaping, rather than overturning, the global financial order by working within multilateral norms while highlighting the limits of existing development institutions. The AIIB’s growth, governance practices, and partnerships show how China is advancing influence through institutional participation and reform by example, underscoring both the opportunities for engagement and the risks of exclusion for the United States in an increasingly multipolar financial system.Read More
China’s Multilateral Bet and the Emerging Global Financial Order
