AIIB: China's Tiger Roars

The Asian Infrastructure Investment Bank - the AIIB - offers China a potent voice on the world stage and challenges the dollar-based financial institutions with which it may one day compete including the IMF and the World Bank. So is this a defining moment in the rise of China? Pippa Malmgren, former Whitehouse Economic Adviser to George W Bush, Michael Pettis Beijing-based economic theorist and financial strategist, Steve Tsang, Head of School and professor of Contemporary Chinese Studies at Nottingham University and the BBC's China editor Carrie Gracie consider the question.

(Photo: Top of a tower looming out of heavy fog in Qingdao, east China's Shandong province. Credit: AFP/Getty Images)