By: Han Ting-ting and Ted Chen
Taipei, March 29 (CNA) China’s Asian Infrastructure Investment Bank (AIIB) initiative is a
means to achieve its goal of bolstering regional integration and connectivity through its “One Belt, One Road” strategy, Lu Chung-ta (呂忠達), director of investments and marketing at Shin Kong Investment Trust Co. (新光投信).
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 U.S.’s leading position in global financial decision-making bodies in the post-World War II era.
According to Lu, China’s “One Belt, One Road” strategy spans Asia-Pacific and European economies that encompass 3.81 billion people and US$16.42 trillion in economic output. [FULL STORY]