Delving into Development: China’s Role in the Asian Infrastructure Investment Bank

{
  "authors": [
    "Yukon Huang",
    "Bonnie Glaser"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "dc",
  "centers": [
    "Carnegie Endowment for International Peace"
  ],
  "collections": [],
  "englishNewsletterAll": "asia",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie Endowment for International Peace",
  "programAffiliation": "AP",
  "programs": [
    "Asia"
  ],
  "projects": [],
  "regions": [
    "East Asia",
    "China"
  ],
  "topics": [
    "Economy"
  ]
}

In The Media

Delving into Development: China’s Role in the Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank addresses a pressing need in Asia and its differences with existing multilateral banks may help it to be more responsive.

By Yukon Huang and Bonnie Glaser

Published on Jun 28, 2016

Source: Center for Strategic and International Studies

In the inaugural episode of the ChinaPower podcast, Carnegie’s Yukon Huang joins CSIS’ Bonnie Glaser to discuss the Asian Infrastructure Investment Bank (AIIB). Fifty-seven countries have already joined the multilateral development bank. Another thirty-plus are waiting in the wings, yet both the United States and Japan have opted not to join. This ChinaPower exclusive explores the prospects for the AIIB’s success, its potential impact on other international lending institutions, and whether China’s leadership within the bank will bolster China’s international influence.

This interview was originally broadcast by the Center for Strategic and International Studies.

About the Authors

Yukon Huang

Senior Fellow, Asia Program

Huang is a senior fellow in the Carnegie Asia Program where his research focuses on China’s economy and its regional and global impact.

Bonnie Glaser

Center for Strategic and International Studies

Economy East Asia China

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie China

Commentary
China Sells Stability Amid American Volatility
US unpredictability has allowed China to capitalize on its positioning as the “responsible great power”. Paradoxically, the more China wins the perception game, the more likely expectations will rise for Beijing to deliver not just words but to demonstrate with its deeds.
Chong Ja Ian
Commentary
Why Vietnam Is Swinging in China’s Direction
Hanoi and Beijing have long treated each other as distant cousins rather than comrades in arms. That might be changing as both sides draw closer to hedge against uncertainty and America’s erratic behavior.
Nguyễn Khắc Giang
Commentary
China’s Energy Security Doesn’t Run Through Hormuz but Through the Electrification of Everything
Across Asia, China is better positioned to withstand energy shocks from the fallout of the Iran war. Its abundant coal capacity can ensure stability in the near term. Yet at the same time, the country’s energy transition away from coal will make it even less vulnerable during the next shock.

Damien Ma
Commentary
Emissary
The Xi Doctrine Zeros in on “High-Quality Development” for China’s Economic Future
In the latest Five-Year Plan, the Chinese president cements the shift to an innovation-driven economy over a consumption-driven one.
Damien Ma
Commentary
When It Comes to Superpower Geopolitics, Malaysia Is Staunchly Nonpartisan
For Malaysia, the conjunction that works is “and” not “or” when it comes to the United States and China.
Elina Noor

More Work from Carnegie China

Commentary

China Sells Stability Amid American Volatility

US unpredictability has allowed China to capitalize on its positioning as the “responsible great power”. Paradoxically, the more China wins the perception game, the more likely expectations will rise for Beijing to deliver not just words but to demonstrate with its deeds.

Chong Ja Ian

Vietnam's Top Leader To Lam meets with young representatives from China and Vietnam participating in the "Red Study Tours" at the Great Hall of the People on April 15, 2026 in Beijing, China. T

Commentary

Why Vietnam Is Swinging in China’s Direction

Hanoi and Beijing have long treated each other as distant cousins rather than comrades in arms. That might be changing as both sides draw closer to hedge against uncertainty and America’s erratic behavior.

Nguyễn Khắc Giang

Commentary

China’s Energy Security Doesn’t Run Through Hormuz but Through the Electrification of Everything

Across Asia, China is better positioned to withstand energy shocks from the fallout of the Iran war. Its abundant coal capacity can ensure stability in the near term. Yet at the same time, the country’s energy transition away from coal will make it even less vulnerable during the next shock.

Damien Ma

Xi walking into a room with people standing and applauding around him

Commentary

Emissary

The Xi Doctrine Zeros in on “High-Quality Development” for China’s Economic Future

In the latest Five-Year Plan, the Chinese president cements the shift to an innovation-driven economy over a consumption-driven one.

Damien Ma

Commentary

When It Comes to Superpower Geopolitics, Malaysia Is Staunchly Nonpartisan

For Malaysia, the conjunction that works is “and” not “or” when it comes to the United States and China.

Elina Noor