Is there some sort of bet on how many times the FT can publish the word 'quixotic' this quarter?
Japan apparently wanted to join the new bank but failed to do so out of fear of US anger:
See Asahi Shimbun, INSIGHT: Fear of angering Washington forced Tokyo to stay out of China-backed AIIB April 01, 2015
1. I think China and Israel have had close ties for sometime.
2. The new Sri Lankan president I think is focussed on improving relations with the new Indian leadership (for understandable reasons), and a publicly critical look at China might help
I still don't see why this is a failure of US policy, or a defeat for the United States. What difference does it make if China starts a large development bank? The total size of any such lending will be only a fraction of daily exchange trading. Does this mean that other countries that have joined will put capital into the bank? Or does it mean that they are simply going to feed at the trough of piles of Chinese money? Or both?
@EdoRoshi It is not a defeat for the US per se, but it's more of a defeat for the usual US saboteuring initiatives.
FT, don't call it luck. It's not. Don't take credit away from China. Rather recognize that the way developed nations have gone running to China, wagging their tails, this shows that the world order is finally changing and the era of US/UK/France/Italy leading the world is now properly in the sunset.
I applaud the shakeup in the world order of financing third world projects. Let's see if they do things differently.
And I am glad to see the US disengage from a leadership role in the world, even if it was not voluntary. I think it will be good for the US and allow it to start thinking about our own problems and putting America first. I would like to see more of it.
7、Paul Munton's Potimarron
Perhaps that nice Mr Putin and his government might copy Beijing's example and pursue soft power rather than the destructive hard power they have come to prefer. That would be to the benefit of themselves and the Russian people