The Asian Infrastructure Investment Bank: is this a first step towards a sino-centric regional order?

AIIB Xi Jinping

The Asian Infrastructure Investment Bank: is this a first step towards a sino-centric regional order?

Tuesday, 9 February 2016 - 5:00pm
Venue: 
Lecture Theatre, Dickson Poon Building, University of Oxford China Centre, St Hugh’s College
Speaker(s): 
Matteo Dian (Bologna; St Antony's)
Silvia Menegazzi (LUISS; Warwick)
Convenor: 
Professor Rosemary Foot
Series: 
The International Political Economy of East Asia

This presentation will analyse the strategy that led China to establish the Asian Infrastructure Investment Bank (AIIB) and its likely consequences for the regional and global economic order. The creation of the AIIB embodies a considerable shift for the Chinese approach to regional and global governance, constituted by an increasing will to promote a transition from a ‘Western-led governance’ to a more inclusive ‘East-West co -governance’.
Is the AIIB initiative just an instrument created to sustain China’s economic prosperity and Xi Jinping’s call for a ‘Chinese Dream’? Is it a consequence of China’s growing frustration with the Bretton Woods’ architecture? Or, is it rather a first stepping stone towards a new China-centered financial and economic order? Does this entail a relevant threat to the world’s economic order and its institutions? Or is it more simply a symptom of the increasing normative and institutional plurality of the current international order?
In this light, the seminar will scrutinize Beijing’s new multilateral project taking into account China’s growing regional role, and in particular, it’s renewed centrality in the East Asian region. In the course of the seminar, particular attention will be devoted to the analysis of the challenges and priorities as discussed by Chinese scholars, policy analysts and think tank experts.

Dr Matteo Dian is a Research Fellow at  School of Political Sciences of the University of Bologna and an Academic Visitor at St. Antony’s College, Oxford. He received his Ph.D. in Political Science from the Italian Institute of Human Sciences in Florence (Scuola Normale Superiore). He held visiting positions at the London School of Economics (LSE IDEAS), the Johns Hopkins SAIS (Bologna Center), and the European University Institute. He is author of The Evolution of the US-Japan Alliance: The Eagle and the Chrysanthemum (Elsevier: Oxford, 2014) and co-editor of The Chinese Challenge to the Western Order (FBK Press: Trento 2014).

Dr Silvia Menegazzi is Postdoctoral Research Fellow at the Department of Political Science at LUISS Guido Carli University and Visiting Academic Fellow at Warwick University. Before being awarded a PhD in Political Theory at LUISS University, she completed an MSc in International Politics at the SOAS and an MA in Languages and Culture of East Asia at Rome University La Sapienza. While at La Sapienza she received one -year scholarship from the Italian Minister of Foreign Affairs to spend a year in China, studying Chinese Language and History at Renmin University in Beijing. She has been PhD Visiting Student at China Foreign Affairs University in Beijing and was awarded a Confucius Institute Scholarship to study at the East China Normal University in Shanghai. Her general research interests include Western and Chinese international relations theory, Chinese foreign policy and civil society and East Asian politics.

This seminar series has been organised in association with the China Centre.