AIIB and NDB – the foundations of the geopolitical strategy of the People’s Republic of China
The end of the second decade of the 20th century, as predicted by many commentators of world political stage will be also the beginning of end of a global governance, formed after the end of the Cold War. In recent years, as demonstrated by the 2007/2008 financial crisis, Washington no longer has tools powerful enough to unanimously design economic architecture of the world. In 2015, for the first time since 19th century, the indisputable dominance of the US in economic sphere has been upset – Beijing managed to come out on first place in terms of GDP (PPPs). The time of Chinese prosperity based on cheap production and export of cheap goods is coming to an end. To ensure further dynamic development, it will be necessary to gain control over the continental trade. At least until the end of US sea domination. For this to happen, further weakening of the position of Washington, by gradually taking control over global fi nancial and foreign exchange market will be necessary. The article is to verify the hypothesis, according to which People’s Republic of China using two strategic institutions – the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB) can achieve economic dominance overland. It was necessary to define the basic presuppositions: there will be no open armed conflict on a global scale over several consecutive years; there will be no political crisis in China; United States won’t give up the domination of the sea trade routes; there will be no reorientation of US foreign policy in a way that could undermine the existing institutional frameworks in the financial and economic sphere.