Bloomberg Business quotes Strategic Foresight Initiative Director Mathew Burrows on US reaction to the Asian Infrastructure Investment Bank:

“The most damaging part of this at the moment is the reaction of the allies; it’s a real snubbing,” said Mathew Burrows, a former U.S. intelligence analyst who’s now director of the Strategic Foresight Initiative at the Atlantic Council, a Washington policy group. “I think we fumbled badly, but I’m not convinced that there was any way to get the Chinese to back down on this institution.”

[…]

The Chinese “see themselves now as a big power,” Burrows said. “They do want to have a set of institutions particularly that operate in the region and show that China is the big power on the block.”

Read the full article here.