A tangle of wires on a back street in Xi'an, Shaanxi Province, April 2018

China’s AIIB Expected To Lend $10-15bn A Year, But Has Only Managed $4.4bn In...

Despite fears that China would channel AIIB money direct to its military allies and other unsavory regimes, the number one beneficiary of AIIB lending to date has been democratic India.
Nighttime scene in Xi'an, Shaanxi Province, April 2018

India Will Outgrow China In 2018, But Must Invest In Next-Generation Value Chains To...

In contrast to China, India has the bad luck to be surrounded by poorer countries, not richer ones, and to look across the Indian Ocean to Antarctica, not across the Pacific Ocean to California.