Ever since its initial proposal by China as an alternative to the IMF and the World Bank, both of which are dominated by the United States, the proposed Asian Infrastructure Investment Bank (AIIB) has been a target of heavy lobbying by the US, which has been warning allies and client states it would be strongly in their best interests not to join.
The US effort is also becoming a colossal failure, as nations across the region, as well as European powers, are flocking to the China-led bank, and seemingly everyone of note on board at this point.
FK – Is that a yearn for the yen? As always, all my stock is on four legs.
FK – An earlier vid: