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AIIB Asian Infrastructure Investment Bank
How the People’s Republic of China Leverages Its Membership in Multilateral Organizations to Advance Its Geopolitical Interests
Without question, China has become a global superpower and is successfully expanding its influence around the world. While there are many factors that have contributed to this success, China’s utilization of multilateral organizations to shape the international system to its liking cannot be discounted. Read how China has leveraged its membership in multilateral organizations to advance its own geopolitical interests.
May 17, 2022
Li Yong and UNIDO: The Career of a Mainland Chinese in a Multilateral Organization
With the departure of the Chinese Li Yong (70) from the helm of UNIDO, a golfing member of the Communist Party of China has left the influential post of Director General in a major multilateral institution after 8 years in office.
December 9, 2021
Call for Solidarity for China Sanctioned States Including Taiwan
A motion for a resolution was filed in the Austrian Parliament calling for the Austrian government to support countries, such as Taiwan, sanctioned by China for supporting democracy, human rights, and other global values. Read about the motion and the reasoning behind it.
October 21, 2021
City of Vienna Positions Itself at UNIDO Silk Road Conference
At the recent two-day international silk road conference hosted by UNIDO, the Vienna Chamber of Commerce and Industry, represented by location lawyer Alexander Biach, took a stand and presented the opportunities and advantages of the Vienna region and the possibilities of a connection to the new Silk Road (Belt and Road Initiative).
September 24, 2019
Austria to Support China's "Asian Infrastructure Investment Bank"?
The Austrian Finance Ministry confirmed that Austria will participate in the China-proposed Asian Infrastructure Investment Bank (AIIB) project after receiving the appropriate approval from the government. Now it checks for a potential engagement. China is taking matters into its own hands. It will use the new bank to expand its influence at the expense of America and Japan. Its decision to fund a new multilateral bank reflects its frustration with the slow pace of global economic governance reform. China is the biggest economy in Asia, but the Asian Development Bank (ADB) is still dominated by the Japanese: Japan’s voting share is twice China’s and the ADB’s president has always been Japanese. Also, reforms to give China more say at the International Monetary Fund (IMF) have been delayed for years.
March 27, 2015
Background: The New "Asian Infrastructure Investment Bank"
The Asian Infrastructure Investment Bank (AIIB) is regarded by some as a rival for the IMF, the World Bank and the Asian Development Bank (ADB), which are regarded as dominated by developed countries like the United States. AIIB is an international financial institution proposed by the government of China. The purpose of the multilateral development bank is to provide finance to infrastructure projects in the Asia region. Austria recently said, that it is "positive" and that it "now checks for a potential engagement".
March 27, 2015
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