AIIB a means for China to achieve ‘Belt and Road’

China’s Asian Infrastructure Investment Bank (AIIB) initiative is a means to achieve its goal of bolstering regional integration and connectivity through its “Belt and Road” strategy, Lu Chung-ta, director of investments and marketing at Shin Kong Investment Trust Co.

The establishment of the AIIB is widely regarded as an effort by China to create an international financial institution that rivals the World Bank, the International Monetary Fund, and the Asia Development Bank and curb the US’s leading position in global financial decision-making bodies in the post-World War II era.