# Prof. Paul Wachtel on the establishment of the Asian Infrastructure Investment Bank

1 Faculty News March 25, 2015 ![CNC World logo](/sites/default/files/styles/246w/public/assets/images/con_031421.jpg?itok=hGe_2JA_)>

Excerpt from [CNC World](http://en.cncnews.cn/news/v_show/47847_Asian_infrastructure_investment_bank.shtml) -- "The idea of having an Asian infrastructure investment bank is a very good one. The needs for infrastructure development are enormous. The fact that China and other more developed or developing countries have the resources to channel through a development bank is clear, so it's basically a very good idea."

[Watch the video](http://en.cncnews.cn/news/v_show/47847_Asian_infrastructure_investment_bank.shtml)

Additional coverage appeared on [Xinhua](http://news.xinhuanet.com/2015-03/29/c_1114797782.htm) and [Xinhua](http://www.jjckb.cn/opinion/2015-04/22/content_545381.htm).