...One of these narratives revolves around the extent to which three China-led ventures are set to supplant traditionally dominant supranational lenders on the way to embedding the yuan in international trade and investment.
Hoosier's note: Being threatened by the rise of China, the US of A needs to engineer another Financial Crisis to once again exert its dominance in the World Financial System.
As suggested by the article, the BRICS New Development Bank will make its 1st loan in April, 2016. Hence, I continue to maintain my view that the next World Financial Crisis will happen [almost immediately] after the 2016 US Presidential Election in November, 2016.