Best Take on the AIIB

Yu Fenghui has the best take on the AIIB and whether the United States should join or not, picking up on an issue that was widely overlooked:

But back to reality, for the United States to join the AIIB, the difficulty is indeed not small. Not only has the US government not changed its view on the concept, Republican hawks who dominate both houses of Congress are more stubborn, more hostile, very difficult to ratify the United States joining the AIIB. Congress determines American international participation and controls funding, financial power is in the hands of Congress, joining the AIIB investment bank is not only unlikely to pass, but funding is also very difficult.

In this case, the US government only correct attitude is to actively encourage allies to join the AIIB and seek cooperation with the ADB, rather than hostility hostility and confrontation!

Congress is already hostile to funding the World Bank and the IMF. The odds of the Congress approving an investment in a Chinese-led bank is next to zero. Forget the "Republican hawks," such a bill would be lucky to get 10% support because with no odds of passing, voting for it achieves nothing except making one vulnerable to attack ads during the next election.

Yu Fengui: 美国该不该加入亚投行(Should the U.S. Join the AIIB)