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What is National Rejuvenation

Chapter 1
Handbook of Research on Global Institutional Roles for Inclusive Development
It is a concept that encompasses the economic and international policy followed by China until 2049 to make the country the leading global economic power and the most influential political actor on the planet.
Published in Chapter:
Asian Infrastructure Investment Bank and Development: A Chinese Soft Power Tool for Global Leadership
Jose Manuel Saiz-Alvarez (Catholic University of Avila, Spain & Catholic University of Santiago de Guayaquil, Ecuador), Uriel Hitamar Castillo-Nazareno (Catholic University of Santiago de Guayaquil, Ecuador), and María Teresa Alcívar-Avilés (Catholic University of Santiago de Guayaquil, Ecuador)
Copyright: © 2022 |Pages: 18
DOI: 10.4018/978-1-6684-2448-3.ch001
Abstract
In October 2013, at the Asia-Pacific Economic Cooperation Summit in Jakarta, Indonesia, China's President Xi Jinping proposed creating a new multilateral development bank: the Asian Infrastructure Investment Bank (AIIB). Headquartered in Beijing, launched in October 2014, and operational on January 16, 2016, the AIIB has a governance structure similar to other MDBs to achieve green, technology-enabled, sustainable, and high-quality infrastructure focused on promoting regional, national, and international connectivity. Although there is US opposition, the AIIB has grown up to 103 approved members worldwide to promote regional cooperation and partnerships to address development challenges by working closely with other multilateral and bilateral development institutions and the private sector. This chapter aims to show how China is using the AIIB as a tool to be the first economic power on the planet shortly.
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