The Asian Infrastructure Investment Bank (AIIB) is a China-led international financial institution created to offer finance to infrastructure projects as part of China's Silk Road initiative, with a focus on bolstering links across Asia, the Middle East, Africa and Europe. Some government officials and analysts have said growing dissatisfaction among emerging economies at the failure to reform the International Monetary Fund's decision-making system encouraged China to set up the new international lender, with 57 participating countries.
By ZHANG NIANSHENG
A group of Philippine girls and boys were singing and dancing inside the long corridor of the Chinese Garden in Rizal Park, Manila. The statue of Confucius stands there in silence, smiling and listening while fishes in the pond swim and lotus bloom.
“We like this garden, especi