{"id":6735,"date":"2015-03-23T05:54:50","date_gmt":"2015-03-23T10:54:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6735"},"modified":"2015-03-23T05:54:50","modified_gmt":"2015-03-23T10:54:50","slug":"washington-blinks-will-seek-partnership-with-china-led-development-bank","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6735","title":{"rendered":"Washington Blinks: Will Seek Partnership With China-Led Development Bank"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-03-22\/washington-blinks-will-seek-partnership-china-led-development-bank\" target=\"_blank\">Washington Blinks: Will Seek Partnership With China-Led Development Bank<\/a><\/h3>\n<p>Don\u2019t look now, but Washington just blinked. As we\u2019ve\u00a0<a href=\"http:\/\/www.zerohedge.com\/news\/2015-03-22\/us-officially-loses-battle-over-china-led-investment-bank\">documented exhaustively<\/a>\u00a0over the past week, pressure has been building steadily for the US to strike some manner of conciliatory tone towards China with regard to the Asian Infrastructure Investment Bank, a China-led institution aimed at rivaling the US\/Japan-backed ADB. Britain\u2019s\u00a0<a href=\"http:\/\/www.zerohedge.com\/news\/2015-03-13\/us-attacks-closest-ally-uk-constant-accommodation-china\">decision<\/a>\u00a0to join China in its new endeavor has prompted a number of Western nations to throw their support behind the bank ahead of the March 31 deadline for membership application.\u00a0<strong>Because the AIIB effectively represents the beginning of the end for US hegemony, the White House has demeaned the effort from its inception questioning the ability of non-G-7 nations to create an institution that can be trusted to operation in accordance with the proper \u201cstandards.\u201d<\/strong>\u00a0Now, with 35 nations set to join as founders, it appears Washington may be set to concede defeat. Here\u2019s more, via\u00a0<a href=\"http:\/\/www.wsj.com\/articles\/u-s-to-seek-collaboration-with-china-led-asian-infrastructure-investment-bank-1427057486?tesla=y\">WSJ<\/a>:<\/p>\n<blockquote>\n<div class=\"quote_start\"><strong><em>The Obama administration, facing defiance by allies that have signed up to support a new Chinese-led infrastructure fund, is proposing the bank work in a partnership with Washington-backed development institutions such as the World Bank.<\/em><\/strong><\/div>\n<p><em>The collaborative approach is designed to steer the new bank toward economic aims of the world\u2019s leading economies and away from becoming an instrument of Beijing\u2019s foreign policy. The bank\u2019s potential to promote new alliances and sidestep existing institutions has been one of the Obama administration\u2019s chief concerns as key allies including the U.K., Germany and France lined up in recent days to become founding members of the new Asian Infrastructure Investment Bank.<\/em><\/p><\/blockquote>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington Blinks: Will Seek Partnership With China-Led Development Bank Don\u2019t look now, but Washington just blinked. As we\u2019ve\u00a0documented exhaustively\u00a0over the past week, pressure has been building steadily for the US to strike some manner of conciliatory tone towards China with regard to the Asian Infrastructure Investment Bank, a China-led institution aimed at rivaling the US\/Japan-backed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[3502,3503,130,4349,4348,865,888],"class_list":["post-6735","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-aiib","tag-asian-infrastructure-investment-bank","tag-china","tag-g7","tag-us-hegemony","tag-washington","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6735"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6735\/revisions"}],"predecessor-version":[{"id":6736,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6735\/revisions\/6736"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}