As it stands, the misallocation of capital and poor investment decisions in China raise serious risks, which increasingly seem to be on par with those in the US that triggered the 2008 financial crisis. If the AIIB begins with nothing more than vague criteria for monitoring international investment and an implicit Chinese veto, these domestic risks may spread to China’s neighbors, raising the danger of another large-scale international crisis.
日本应该等待还有另一个重要原因：宏观经济稳定。目前，中国资本配置不合理和糟糕的投资决策导致了严重的风险，这一风险似乎不亚于美国出发2008年金融危机的风险。如果亚投行一开始只是监测国际投资模糊标准以及隐含的中国否决权，那么这些国内风险将溢出至中国周边国家，有可能引起又一场大规模国际危机。