The AIIB and China’s Normative Power in International Financial Governance Structure

Abstract

This article examines the role of the Asian Infrastructure Investment Bank (AIIB) in China’s emerging normative power in international financial governance area. Based on the existing framework of normative power concept, the AIIB’s role in China’s normative power is examined from three angles: normative principles, norm diffusion, and external perception. As a Chinese initiative, the AIIB’s policy framework has inherited Chinese norms of unconditionality and infrastructure construction. The management structure of this new bank also manifests China’s preference of a lean internal arrangement. Moreover, Asian developing countries hold the majority of voting power of the AIIB. This distributi..