You may not have heard much about this but this is actually a big turn in terms of geopolitical events and positioning.
Its essentially that against the advice of the US, all major US allies have signed up for the China Infrastructure Bank (AIIB) which could be responsible for tens of trillions USD of major infra spending in Asia over the next decades as well as potentially replace both the ADB (Asian Development Bank) and IMF (International Monetary Fund). It's also a big step towards the RMB moving towards "potentially" contention for being the global reserve currency in the future.
The US has tried to prevent others joining it and China was originally going into this on its own. However, right now, it looks like the entire world has joined with China. More about what this thing is:
Since then a whole host of other countries have joined....
More countries say to join China-backed AIIB investment bank
http://www.zerohedge.com/news/2015-0...iib-membership