Bridge builders of one belt one road ‘Why, what and How’ of the AIIB and SRF
Bridge builders of one belt one road ‘Why, what and How’ of the AIIB and SRF

Summary/Abstract: however so far the two institutes have earned their reputationthrough business development, and enhanced the confidenceof world to B&R initiative. The key hypothesis of this paper is thatthe two institutes are not some kinds of economic weapons inventedto destroy existing world order but new organizationsto improve cooperation of countries.The AIIB and SRF are welcomed widely especially by the membersin core region of B&R initiative for several reasons. First,they play indispensable role as the public financing institutes,separately being classed as MDB (multilateral developmentbank) and SWF (sovereign wealth funds) ,both are important forSustainable development investments .Second , they may helpto transfer experiences of China and other fast growing countriesto undeveloped countries. The third and may be the mostimportant point is, the two institutes may help more cooperationto be realized following B & R initiative.The missions and functions of the two institutes are fosteringsustainable development, promoting regional cooperation, anddecreasing the barrier of infrastructure financing. By providedebt financing and capital financing respectively, the two institutesmay satisfy different customers with demands of the infrastructurefinancing in the region.With the transparency process/governance, the two instituteswill act not only new pools of development financing in beltand road region, but also a promoter and organizer of developmentfinancing industry, which may bring more opportunitiesto the countries in the region, and improve both intergovernmentaland non-GOV cooperation to boost infrastructure financing.The scale of the business of the two institutes has been increasedapparently since founded, mainly attributed to regenerativefeedback effect caused by multi-win strategy, and the uniqueposition pegged with one belt one road initiative.One interesting thing for IR scholars is , the two new institutes,as long as China the initiator of B & R initiative, have been doubtedby some countries while embraced by some others, for beinglabeled as challengers of the existing world order. This may remindscholars the metaphor of the trap of Thucydides: the trapdid exist for those who thought the threat was there and triedto prevent it happened.

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