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Business / Economy

Accusations against China's new intraregional initiatives goundless

(Xinhua) Updated: 2015-04-02 10:55

It is in nowhere approximate to a new international financial order that can be compared to the Bretton Woods System.

Through the Bretton Woods system, the United States was able to wield supreme influence over its allies which could not compete with its economic might due to their great loss in the World War II.

China is not in that position today and has no intention to find supremacy in the world monetary system.

The AIIB and the "Belt and Road" initiative both are China's moves to embrace the multilateral cooperation and communication on equal terms.

No matter what the real intentions are behind those groundless accusations, they would only create distrust and be detrimental to the increasingly close cooperation between China and other countries.

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