What does AIIB has to do with China’s reformist role?

1200-1500 words

No need to write the intro, just focus on the following outline, some adjustment can be made

AIIB’s diplomatic role:

– Undermining American Plans to Establish a Political and Commercial containment around China

– Bonding with traditional U.S allies, influence US dominance role, shake US ‘hegemony’

– Prestige – Projecting Chinese National Power in the Realm of Finance

– China’s international political power bank.

What does AIIB has to do with China’s reformist role?

– striving for a breakthrough in changing the existing international financial order.

– promote traditional MDB’s to reform the development of finance and lending conditions.

Prestige –  a more assertive leadership in the financial realm.

– sign of China’s rising economic and financial power

n Deng Xiaoping’s most famous remarks: “it is glorious to be rich.”

Synergy BRI

– Decrease the dependence of Chinese trade tie with the US market – diversification of trade partnerships.

– Deeper pan-Eurasian interconnection – enable the convergence of geopolitics, economic, financial, and energy interests – strategic rebalancing US

– collaboration with the Russian – counterbalance the US

AIIB could bankroll profitable BRI projects that ultimately respond to Beijing’s geopolitical interests.

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