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China's New Development Bank Needs Better Human Rights Protections

On January 16, the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) will meet in Beijing to formally launch its operations.A symbol of China’s growing clout on the international scene, the AIIB attracted 57 founding members, despite initial efforts by the United States to raise alarms about human rights and other concerns to dissuade its allies from
United States World Bank District Of Columbia Beerbethany Allen Ebrahimian Patrick Chovanec Zha Daojiong

Is China About to Plunge the World Into Recession?

On Aug. 18, China’s stock market plummeted by a vertigo-inducing 6.2 percent in one day of trading, part of a months-long decline that’s erased over $3 trillion worth of market value from the country’s equity markets. That followed last week’s surprise decision to allow the value of the renminbi (RMB), China’s currency, to fall several percentage points against the U.S.
United States United Kingdom George Chen Daniel Rosen Stephen Roach Wen Jiabao

China-Led Development Bank Careful to Cooperate with Critics

The Asian Infrastructure Development Bank (AIIB) unveiled its initial batch of projects at its first annual meeting in Beijing in June, giving the go-ahead to investments totaling U.S.$509 million (3.4 billion yuan) and providing an important yardstick to assess the bank’s first six months.The AIIB has swiftly been taking shape since China’s President Xi Jinping and Premier Li
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