Analysis Of AIIB In The Perspective Of One Belt And One Road Initiative

Asian infrastructure investment bank (AIIB) is an international financial development organization which is established on the initiative of China, and it is an important financial support for the implementation of "One Belt and One Road" Initiative, and its creation implies a profound background. Since World War II, the world economic system which is established by the United States increasingly unable to meet the demands of the interests of the majority of emerging economies and developing countries, vested interest groups can not bear to give up the existing institution and the existing international financial organization has governance structure deficiencies which are two reasons leading to weak world economic system reform. AIIB focuses on the urgent infrastructure needs of developing countries, and aims at achieving interoperability infrastructure in Asia, and promotes the economic integration process and the overall prosperity and development in Asia. AIIB is a beneficial attempt to supplement the existing international financial system, and will face many challenges in the complicated and changeable international environment.This paper aims to apply the theory of international public goods, analysis the unique role of AIIB in the perspective of "One Belt and One Road" Initiative, explore the challenges the AIIB will be faced in its establishment and operation process and put forward corresponding countermeasures and suggestions to deal with the challenges. AIIB is the financial support to "One Belt and One Road" Initiative which is the starting point of the paper, and the research is based on the unique compared to AIIB with the existing international financial institutions, and analysis its unique role in the "One Belt and One Road" Initiative to promote Chinese development, promote Asian regional integration, and promote world deeper cooperation and Reform. Analysis the challenges AIIB may face in the process of the operation through the investigation of comprehensive index, and put forward the corresponding countermeasures and suggestions. Try to provide some useful complement to the comprehensive strategic required for the long-term operation of AIIB.The paper consists of three parts:introduction, text and conclusion. The text consists of four chapters, in the first of all, the text analysis the theoretical basis of the establishment of AIIB, and introduces the overview of AIIB and "One Belt and One Road" Initiative, and proposes the unique of AIIB as an emerging international financial system. Secondly, the content is divided into three aspects, elaborated the unique role of AIIB as the financial support of "One Belt and One Road" Initiative in China, Asia and the world. Thirdly, the content lists the challenges AIIB will be faced in the process of its building, including explore the establishment of a new mechanism, face the risk of "One Belt and One Road" project, strive for higher credit rating, the lack of support of the world’s major economies, and protect environment, labor rights and social security. Fourthly, the content lists the corresponding countermeasures for the challenges are given in the last chapter, is to learn from the mature experience and to carry out practical cooperation and promote common development with all parties at the same time. Finally, summarize the conclusions, and launch predictions in several aspects on the prospect of AIIB.