No pain, only gain for the West

Chinese approach with new Asian Infrastructure Investment Bank is one of peace and inclusiveness

A few weeks ago, the official launch of the Asian Infrastructure Investment Bank took place in Beijing with 57 founding member states, including four members of the G8: the UK, France, Germany and Italy.

But despite overwhelming support and the widespread view that the AIIB is much-needed if significant growth is to take place across the entire Asia-Pacific region, this news has been met with a far from celebratory mood.