One More Question: Why does the US keep shifting its attitude towards the Asian Infrastructure Investment Bank?

Global Business

Douglas Paal, Vice president for studies at the Carnegie Endowment for International Peace.

CCTV America’s Zou Yun interviewed Douglas Paal, vice president for studies at the Carnegie Endowment for International Peace. CCTV America asked Paal one more question about why the U.S. keeps shifting its attitude towards AIIB and the ultimate stance that the Obama administration may possibly take on this issue.

“There is some recognition that this is not a direct threat to the Bretton Wood System that has prevailed since the end of the World War II in which the United States was the chief architect. This has come very slowly to the US government, I’m rather embarrassed that my government was not foresight enough to take a hold of this issue and shape it to mutual benefits of all the participants from the beginning, but took a hostile attitude toward it, which I think is counterproductive and diminished American influence in the process. The likelihood is that they will try to find some kind of observership role. I’ve noticed that the authorities in Beijing when they’ve been asked about this, say they welcome people anytime, take their time to examine the circumstance.”

For more about AIIB on CCTV AMERICA: http://america.cgtn.com/?s=AIIB

One More Question: Why US keep shift its attitude towards the Asian Infrastructure Investment Bank?

One More Question: Why US keep shift its attitude towards the Asian Infrastructure Investment Bank?

CCTV America’s Zou Yun interviewed Douglas Paal, Vice president for studies at the Carnegie Endowment for International Peace. CCTV America asked Paal one more question about why the US keeps shifting its attitude towards AIIB and the ultimate stance that the Obama administration may possibly take on this issue