China's President Xi Jinping (4th right) meets with the guests at the Asian Infrastructure Investment Bank (AIIB) launch ceremony at the Great Hall of the People in Beijing in this October 24, 2014 file photo. Photo: Reuters China's President Xi Jinping (4th right) meets with the guests at the Asian Infrastructure Investment Bank (AIIB) launch ceremony at the Great Hall of the People in Beijing in this October 24, 2014 file photo. Photo: Reuters
China's President Xi Jinping (4th right) meets with the guests at the Asian Infrastructure Investment Bank (AIIB) launch ceremony at the Great Hall of the People in Beijing in this October 24, 2014 file photo. Photo: Reuters

Who can blame China for Asian bank move?

Kevin Rafferty says Washington's inaction opened the door for Beijing

China's President Xi Jinping (4th right) meets with the guests at the Asian Infrastructure Investment Bank (AIIB) launch ceremony at the Great Hall of the People in Beijing in this October 24, 2014 file photo. Photo: Reuters China's President Xi Jinping (4th right) meets with the guests at the Asian Infrastructure Investment Bank (AIIB) launch ceremony at the Great Hall of the People in Beijing in this October 24, 2014 file photo. Photo: Reuters
China's President Xi Jinping (4th right) meets with the guests at the Asian Infrastructure Investment Bank (AIIB) launch ceremony at the Great Hall of the People in Beijing in this October 24, 2014 file photo. Photo: Reuters
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