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Asian Infrastructure Investment Bank’ First Annual Summit
China is setting up the menu for Global Financial Orderby
Ariel Noyola Rodríguez

During the first Annual Summit organized by the Asian Infrastructure Investment Bank (AIIB) in Beijing, China has shown her intention to take over the global leadership in infrastructure investment. By the end of this year, AIIB would have more than 100 members, making it the first lending institution in multilateral loans in history, under the control of the most important emerging countries. Yet, it is expected that she makes the decision of dropping off the Dollar, as it is the only way to break away from US hegemony in international finance.

The establishment of the Asian Infrastructure Investment Bank was finally approved by 22 Asian countries on Friday 24 October. On the one hand, the new regional development bank enters into direct competition with the Asian Development Bank, established in 1966 under the overwhelming dominance of the United States and Japan; on the other hand it will serve as a mechanism for regional integration and against the “pivot doctrine”, driven by Pentagon and the State Department.
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Asian Infrastructure Investment Bank’ First Annual Summit