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54 China Int'l Stud. 61 (2015)
The AIIB's Concept for Development and Financing: Putting Global Value Chains to the Fore

handle is hein.journals/chintersd54 and id is 61 raw text is: The AUIB's Concept for Development and Financing: Putting Global Value Chains to the Fore Xu Qzyuan at is the difference between the Asian Infrastructure Invest- ment Bank (AIIB) and other currently existing development and financing institutions? In this author's view, the basic difference lies in their concepts and positioning. One view holds that, different from the World Bank and the Asian Development Bank (ADB), which are committed to poverty-reduction, the AIIB prioritizes infrastructure investment and giving support to economic and social development in Asian countries. Yet, as a matter of fact, all multilateral institutions for development and financing, in particular those institutions targeted at aiding developing countries, provide pivotal services for infrastructure construction. For instance, the ADB focuses 60 percent of its loans on infrastructure such as transportation, and communication, energy and water conservancy facilities. And the proportion of loans extended for infrastructure by the World Bank accounts for almost 50 percent. This view holds that if we take into the consideration the abundant capital owned by these financial institutions, then, the AIIB is not special anymore as its functions or positioning are concerned. But, as can be seen from articles in foreign media with titles such as China's plan to export pollution, the establishment of the AIIB and the launching of Xu Qiyuan is Associate Research Fellow, Institute of World Economy and Politics, Chinese Academy of Social Sciences. The article was originally published in the Chinese-language journal International Economic Review, Issue 4, 2015. The AIIB's Concept for Development and Financing: Putting Global Value Chains to the Fore SeptemherlOctoher 2015 61

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