December 14 ,2017 , 03:31 PM
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The ship is leaking, but the captain is reluctant to do the repairs. That is exactly how the US, veto-wielding master of the International Monetary Fund (IMF), is acting in the reform of the global lending body.
Chinese companies have voiced their high hopes for the China-Pakistan Economic Corridor, a flagship project of China's "One Belt, One Road" initiative. The firms believe it could open up new markets and benefit all participants.
The AIIB, the brainchild of Chinese President Xi Jinping, has become a source of friction not only between the U.S. and China, but also between Washington and its top allies.
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