After the end of the Cold War, many counties in Asia have become independent from its colonization. Until now, there has no major war occurred in this region. During this period of peacetime, Asian countries have enjoyed the growing of economic and global influence. Russia, China, and India these newly advanced economy countries started undermining the U.S. influence in Asia. In order to remain its economic interests and political power in Asia, the U.S. has adjusted its global strategy. The President Obama also has reaffirmed the importance of “Return to Asia Rebalance strategy” in public. However, in March, 2015, after the U.K.’s joining of China led bank, the Asian Infrastructure Investment Bank (AIIB), made the U.S. face a diplomatic crisis.
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The initial authorized capital of the AIIB is $100 billion, with 50% or higher is provided by China. At the liberalism point of view, the purpose of the AIIB is clear: supporting the infrastructure needs of this region. Liberalists believe collaboration between diverse nations can provide financial assistances and advanced technologies to developing countries. The AIIB and other multilateral organizations can help residents of these countries to achieve better quality of life. According to reporter Tania Branigan, she explains the situation of lacking infrastructures in Asia as “Among the unmet needs are an estimated 1.4 billion people without access to electricity, the billion without clean drinking water and 2.6 billion without access to sanitation. (Branigan)” Also, according to the Asian Development Bank (ADB), from 2010 to 2020, Asia requires $8 trillion investment to remain current economic growth rate. The exiting bank such as ADB and the World Bank can only provide $200 million per years on infrastructures. Correspondingly, Li Keqiang, the current Premier of the State Council of the People 's Republic of China confirms the establishment of the AIIB is about strengthening the international cooperation. He has endorsed this collaborative principle in many public speaking. As observer Paul Chan wrote “The main thrust is to reduce poverty in the region: China wants to share its experiences to help other countries in this interconnected world to boost socio-economic development” Liberalists think the AIIB is a worthy step for China as it starts taking more global responsibilities. With the advanced countries’ join of the AIIB, it can also enrich growing cooperation in the
The initial authorized capital of the AIIB is $100 billion, with 50% or higher is provided by China. At the liberalism point of view, the purpose of the AIIB is clear: supporting the infrastructure needs of this region. Liberalists believe collaboration between diverse nations can provide financial assistances and advanced technologies to developing countries. The AIIB and other multilateral organizations can help residents of these countries to achieve better quality of life. According to reporter Tania Branigan, she explains the situation of lacking infrastructures in Asia as “Among the unmet needs are an estimated 1.4 billion people without access to electricity, the billion without clean drinking water and 2.6 billion without access to sanitation. (Branigan)” Also, according to the Asian Development Bank (ADB), from 2010 to 2020, Asia requires $8 trillion investment to remain current economic growth rate. The exiting bank such as ADB and the World Bank can only provide $200 million per years on infrastructures. Correspondingly, Li Keqiang, the current Premier of the State Council of the People 's Republic of China confirms the establishment of the AIIB is about strengthening the international cooperation. He has endorsed this collaborative principle in many public speaking. As observer Paul Chan wrote “The main thrust is to reduce poverty in the region: China wants to share its experiences to help other countries in this interconnected world to boost socio-economic development” Liberalists think the AIIB is a worthy step for China as it starts taking more global responsibilities. With the advanced countries’ join of the AIIB, it can also enrich growing cooperation in the