Xinhua published a group of articles on its International Channel under the title, “What Is Japan Trying to Do in Asia by Plunging into a US$100 Billion Investment?” In the editorial summary, it said, “Japan plans to invest about US$100 billion over the next five years to support infrastructure development in the Asian region. The amount of the investment is comparable to the amount that China proposed to establish the Asian Infrastructure Investment Bank (AIIB). Analysts have said that Japan’s move was intended to improve its image for its continued existence. However, [if Japan is] trying to use the 100 billion dollars to ‘rival’ the AIIB, it will do no good for itself while it will be hurting others. The AIIB has 57 founding members and can drive trillions of dollars of investment. If Japan is maliciously bidding, it will only keep exhausting its resources and its mental health. China will not respond or launch a bidding war with Japan. Therefore, if Japan wants to ‘to suppress China’s influence’ with the US$100 billion investment, it will be nearly impossible for it to succeed even if it tries so hard that it will be vomiting blood.”
Xinhua: What Is Japan Trying to Do in Asia by Plunging into a US$100 Billion Investment?
Source: Xinhua (International Channel), Vol 537, May 21, 2015