Managing AIIB won't be an easy task for China, say analysts

Beijing

CHINA scored a diplomatic coup by enticing almost 50 countries including key US allies to join its new development bank, but analysts say Beijing now faces a daunting task managing a multilateral institution for the first time, with members ranging from the Netherlands to Nepal.

By Tuesday's deadline to seek founding membership of the US$50 billion Asian Infrastructure Investment Bank (AIIB), 48 countries and Taiwan had applied, the finance ministry and governments said.