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TWENTY-ONE Asian nations signed a memorandum of understanding in Beijing yesterday to create a new international bank for Asia.
The Asian Infrastructure Investment Bank reflects China’s desire to push investment in the region and its frustration with US, Japanese and European dominance of the World Bank, International Monetary Fund and Asian Development Bank.
Countries signing up in Beijing’s Great Hall of the People ranged from regional giant India to small impoverished countries such as Laos and wealthier states including Singapore and Qatar.
ROGER McKENZIE argues that the BRI represents a choice between treating humans as commodities or as equals — an essential project when, aside from China’s efforts, hundreds of millions worldwide are trapped in poverty
JENNY CLEGG reports from a Chinese peace conference bringing together defence ministers, US think tanks and global South leaders, where speakers warned that the erosion of multilateralism risks regional hotspots exploding into wider war