When the world gets closer.

We help you see farther.

Sign up to our expressly international daily newsletter.

blog

Extra! People's Daily On China Launch of Asian Infrastructure Investment Bank

The People's Daily, June 30, 2015

The People's Daily, the official newspaper of the Chinese Communist Party,featured on its front page today a large photograph of the representatives of 50 countries that signed an agreement Monday for the China-led Asian Infrastructure Investment Bank (AIIB) at the Great Hall of the People in Beijing.

The finalizing of the AIIB, which could be fully established by the end of 2015, is a major step in China's global ambitions, as it is regarded as a potential IMF rival. China, India and Russia are the biggest shareholders in the bank, while the U.S. and Japan still refuse to join it even after several top European countries signed on.

ABOUT THE SOURCE: People's Daily is a state-run newspaper in China founded in 1948, which today is published worldwide with a combined circulation of more than three million.

You've reached your limit of free articles.

To read the full story, start your free trial today.

Get unlimited access. Cancel anytime.

Exclusive coverage from the world's top sources, in English for the first time.

Insights from the widest range of perspectives, languages and countries.

eyes on the U.S.

Eyes On U.S. – American Diplomacy Is Unable (Or Unwilling) To Adapt To A New World

Crises worldwide mean we need less nationalism and more cooperation, but the U.S., a weakened superpower, won't accept its diminished status.

Close up photo of a somber-looking flag of the U.S.

America the not-so-Great anymore

Juan Gabriel Tokatlian, Ginevra Falconi, Renate Mattar

-Analysis-

BUENOS AIRES — There is widespread international consensus that the post-Cold War period, which began around 1990, is over. Initially, it heralded a "new order" under the guidance of the United States, which promised stability, justice and equity but became instead a run of crises, challenges, conflicts and failures.

Keep reading...Show less

You've reached your limit of free articles.

To read the full story, start your free trial today.

Get unlimited access. Cancel anytime.

Exclusive coverage from the world's top sources, in English for the first time.

Insights from the widest range of perspectives, languages and countries.

The latest