ABSTRACT
Emerging Asia has been the fast-growing region in the world and has played an important role in contributing to the recovery of the world economy. China is now transforming its economy from an export-driven growth to domestic demand and innovation-based growth. However, many emerging countries in Asia are still suffering from high transaction lost due to poor infrastructure. The Chinese economy is experiencing slower economic growth, service being the dominant industry, rising domestic demand, and improved environment and income distribution. The establish of Asian Infrastructure Investment Bank (AIIB) will provide necessary financial support for developing Asia, improve infrastructure conditions, motivate connectivity within the region, and promote regional economic development. AIIB could make good use of the experience from Breton Woods system, coordinate and communicate with other international or regional financial institutions, and improve operational efficiency and project management capability incorporating Asia’s real needs.
