亚投行的建立标志着一种改变资本如何流入世界经济以及流向何处的努力。过去,中国和其他新兴市场国家将其国内储蓄循环成美国、英国、欧盟和日本的主权债务。这帮助了这些发达国家以超过自己所能承受的方式进行生活,因为从新兴市场流入的资金填补了这些国家在花费和收入中存在的巨大空缺。未来的资本市场将发生深刻的改变,因为这些资金不再投入到纸质的金融资产,而是投入到诸如铁路、港口和机场之类的实体经济活动中。而且这些投资的目的地将是大量的国家,而不仅是几个主要的发达国家 The establishment of the AIIB marks an effort to change how capital flows into the world economy and where it flows. In the past, China and other emerging market countries have recycled their domestic savings into the sovereign debt of the United States, Britain, the European Union and Japan. This has helped these developed countries to live in ways that they can afford because the inflows from emerging markets fill a huge gap in spending and income for these countries. The capital markets of the future will undergo a profound change, as these funds will no longer be invested in paper-based financial assets but will be invested in real economic activities such as railways, ports and airports. And the destinations for these investments will be a large number of countries, not just a few major developed countries