China＇s Belt and Road Initiative （BRI） is, above all, a connectivity project. Asconnectivity requires financial support, in the past few years China has undertakenseveral institution-building activities at the nati...China＇s Belt and Road Initiative （BRI） is, above all, a connectivity project. Asconnectivity requires financial support, in the past few years China has undertakenseveral institution-building activities at the national and international level, mainlyin the finaneial and economic sector, showing a new propensity to influence globaleconomic governance. In particular, the establishment of the Asian InfrastructureInvestment Bank （AIIB） has drawn attention worldwide. How does this institution-building process connect with BRI？ Are these institutions just a vehicle for exportingChina ＂s capital and overcapacity, or do they signal a potential wider challenge to thepost-World War II liberal international order？ By analyzing the first loans approvedby the bank, the present paper argues that far from representing a China-led challengeto the Western-led liberal order, the AIIB, while promoting Chinese commercial andgeopolitical interests, shows the resilience of the global financial regime created by theWest.展开更多
文摘China＇s Belt and Road Initiative （BRI） is, above all, a connectivity project. Asconnectivity requires financial support, in the past few years China has undertakenseveral institution-building activities at the national and international level, mainlyin the finaneial and economic sector, showing a new propensity to influence globaleconomic governance. In particular, the establishment of the Asian InfrastructureInvestment Bank （AIIB） has drawn attention worldwide. How does this institution-building process connect with BRI？ Are these institutions just a vehicle for exportingChina ＂s capital and overcapacity, or do they signal a potential wider challenge to thepost-World War II liberal international order？ By analyzing the first loans approvedby the bank, the present paper argues that far from representing a China-led challengeto the Western-led liberal order, the AIIB, while promoting Chinese commercial andgeopolitical interests, shows the resilience of the global financial regime created by theWest.
