China created the Belt and Road Initiative which according to analysts has been a geostrategic effort to take a larger role in global affairs and threatens US post-war hegemony.[6][7][8] It has also been argued that China co-founded the Asian Infrastructure Investment Bank and New Development Bank to compete with the World Bank and the International Monetary Fund in development finance.[9][10] In 2015, China launched the Made in China 2025 strategic plan to further develop its manufacturing sector. There have been debates on the effectiveness and practicality of these programs in promoting China's global status.