Against the backdrop of the US-China rivalry, it is tempting to ignore recent strategy changes by smaller players like Canada and Hungary. But these two countries offer radically different models for other countries to consider as they navigate an increasingly fraught geopolitical terrain.
BERLIN – Last month, Canada suddenly announced that it was freezing all ties with the Asian Infrastructure Investment Bank, a multilateral lender created by China as an alternative to the World Bank. According to Canada’s finance minister, Chrystia Freeland, the decision comes in response to allegations that the Chinese government has stacked the institution with Communist Party of China officials who “operate like an internal secret police.”
BERLIN – Last month, Canada suddenly announced that it was freezing all ties with the Asian Infrastructure Investment Bank, a multilateral lender created by China as an alternative to the World Bank. According to Canada’s finance minister, Chrystia Freeland, the decision comes in response to allegations that the Chinese government has stacked the institution with Communist Party of China officials who “operate like an internal secret police.”