Caption: Chinese President Xi Jinping (front center) poses with the delegates attending the signing ceremony for the Articles of Agreement of the AIIB on June 29, 2015. (WANG ZHAO/AFP/Getty Images)
China’s latest economic weapon
Entering 2016, the Asian Infrastructure Investment Bank (aiib) is preparing to take leaps and bounds. The rise of this bank should have the world, and particularly the United States, on high alert. The success of the aiib heralds the dawn of a new era in Asia—one increasingly influenced by China.