China's AIIB: A morality play for India

``What has happened [with the rush of the world, sans US, to join China's AIIB] is seen as a policy failure on the part of the Barack Obama administration and a manifestation of the dysfunctional American political system whereby the Congress could stall for 4 years already the quota reform measure for the International Monetary Fund (IMF) that would have pacified China by granting it a greater voice in the fund. But then, there is much more to it. China is aiming at something much bigger, much more profound in scope and objectives.''