China's President Xi Jinping (front center) poses for photos with guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing on October 24, 2014. Photo: Reuters
China's President Xi Jinping (front center) poses for photos with guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing on October 24, 2014. Photo: Reuters

China-led Asian Infrastructure Investment Bank reflects mainland's rising power

Member of the Obama administration says that foot-dragging by the US Congress on IMF reform 'created chance for China to assert itself'

China's President Xi Jinping (front center) poses for photos with guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing on October 24, 2014. Photo: Reuters
China's President Xi Jinping (front center) poses for photos with guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing on October 24, 2014. Photo: Reuters
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