China will have to play by international rules on transparency and accountability if it wants to secure its place as a leader for economic development in Asia.
The World Bank risks looking hypocritical and becoming redundant if it doesn't improve its own management.
Big new investors such as the Asian Infrastructure Development Bank are key players in a worldwide infrastructure, and that could be bad news for the environment.
The US and China may have competing ambitions for the Asia-Pacific in the shape of the TPP and AIIB, but they may not be as incompatible as we have first believed.
Western powers signing on for the Asian Infrastructure Investment Bank could more effectively shape China's view of the world.
Asia needs trillions of dollars in coming years to finance roads, sanitation plants and other key infrastructure. The IMF and World Bank can't do it alone.
The creation of the Asian Infrastructure Investment Bank is a blow against US influence in global financial markets.
The US gravely miscalculated in trying to get China to accept the existing global order. Forced to make a choice, America's closest allies are joining the Asia Infrastructure Investment Bank.