The West is blind to the appeal of China's model of authoritarian capitalism

Under President Xi Jinping , China is succeeding in creating an alternative vision for global leadership designed to challenge Western, and in particular American, dominance. Momentum is gathering behind the Asian Infrastructure Investment Bank, a US$100 billion initiative officially launched by China last month, in the face of US opposition, to finance Asia's infrastructure needs. It is the first time the US is without a role in what will be a leading financial institution in the world. The ris...