A good friend, Aiken T. alerted me to a new development in China and Asia, she wrote today,
China is initiating the formation of ASIAN INFRASTRUCTURE INVESTMENT BANK (AIIB) to cater to roads, railways, power plants, telecoms in Asia. We don't love China but this competition to WB, ADB, IMF gives us better prospects, I believe. AIIB will prioritize hiring Chinese professionals, of course, but still it's able to increase demand effectively.
China Watch 15: FTA, ASEAN and UNCLOS, August 01, 2011
China Watch 16: Scarborough Shoal, Spratlys and Citizens Action, May 01, 2012
China Watch 17: Using Drones Over Scarborough, SCS, May 14, 2012
China Watch 18: Martin Jacques' Manila Lecture, November 20, 2012