Sino-File

Obama’s big error

“The Obama administration’s negative response to China’s proposed Asian Infrastructure Investment Bank was a strategic mistake”

World Bank President Zoellick speaks at an opening news conference of the spring International Monetary Fund (IMF)-World Bank meetings in Washington

Robert Zoellick

Former World Bank boss Robert Zoellick tells the Financial Times that the new bank’s purpose – building much-needed Asian infrastructure – is a “good goal”. He said Washington’s policy on the AIIB had been “embarrassing” and wrote: “The greatest mistake the US could make is to lose the initiative in shaping a changing international system.”


© ChinTell Ltd. All rights reserved.

Sponsored by HSBC.

The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.