On June 29, China and 49 countries signed the Articles of Agreement (AOA) of the Asian Infrastructure Investment Bank (AIIB). The event signifies the successful establishment of the bank, moving the institution one step closer to the launch of operations before the end of 2015. There has been abundant research on China’s motivation behind the AIIB and how Beijing intends to use the bank to serve its political, economic, and strategic agendas. How successful has China been in achieving those goals?
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