In order to curb the rise of China's economy, some Pacific Rim countries, led by the United States, began to form the Pacific Rim Agreement (TPP Agreement) excluding China in the past few years.
At the APEC Summit in Beijing in November 2014, China took the initiative and proposed three sets of punches: First, promote and establish the Asia-Pacific Free Trade Area in 2025. If successful, it will increase exports by about US$700 billion per year.
Second, the Silk Road Economic Belt was built, for which the Silk Road Fund was established with a base fund of US$40 billion.
Third, to transfer the domestic basic excess production capacity, the BRICS Bank (with an initial capital of US$100 billion) was established to serve the infrastructure construction of member states and the Asian Infrastructure Investment Bank (with a basic capital of US$100 billion) is planned to be established to establish the foundation.
Investment banks are conducive to the internationalization of the RMB, transferring excess domestic infrastructure capacity, strengthening economic and trade ties with neighboring countries, and promoting regional economic integration led by China.