The Hindu/by Atul Aneja
China has invited India to participate in the Asian Infrastructure Investment Bank (AIIB) — Beijing’s brainchild to steer development along the ancient "silk route” free from the influence of western-backed lenders such as the World Bank and the Asian Development
Bank (ADB).
Diplomatic sources, who did not wish to be named, told The Hindu that China had sought India’s participation during the visit to New Delhi by Chinese Foreign Minister Wang Yi soon after the Modi government assumed office. "It is clear that the Chinese will
not tie the lending from the investment bank to non-economic issues, such as human rights, which western-backed lenders have often leveraged as instruments of political influence and control,” the sources observed..........[Read
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(The view expressed above are the personal views of writer)