China’s AIIB Boom Shows US Influence Over Allies Has Limits

Wednesday, April 1, 2015
By Paul Martin

The fact that America’s longstanding allies rushed to join China’s Asian Infrastructure Investment Bank (AIIB), despite Washington’s efforts to discourage them, clearly indicates that the US’ influence over its allies has limits, Greg Moore noted.

A continued Washington policy aimed at isolating Beijing over the AIIB has only served to isolate the United States, noted Greg Moore, an Associate Professor of International Relations at the School of Public Affairs at Zhejiang University (Hangzhou, China), urging Washington to sign on to the AIIB as a founding member.

The expert emphasized the fact that US’ longstanding allies rushed to join China’s AIIB despite open displeasure expressed by Washington. It has clearly demonstrated that the US’ influence over its allies has limits, Mr. Moore remarked.

“It is clear the US policy of attempting to isolate the Chinese in their establishment of the bank, and to encourage US allies not to join, has failed, and it appears certain that the bank will move forward with or without the United States’ blessing,” the expert noted. However, according to Greg Moore, the US should grab the chance to join China’s AIIB itself.

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