
Washington Frets as Beijing Steps Up Multilateral Initiatives
Source: TeleSUR English
“With friends like this, who needs enemies.” This must be what Washington policymakers muttered to themselves following the decision of London, Paris, Rome, and Berlin to join a new development bank proposed by Beijing.
The anger in Washington most likely mounted when its main Pacific allies, Japan, Australia, and South Korea, also gave strong indications that they would join the bandwagon. By the end of March, more than 35 countries are expected to be enlisted as founding members of the Asian Infrastructure Investment Bank (AIIB).