The New Development Bank, which opened today in Shanghai, has been overshadowed recently by the AIIB.

China's involvement in BRICS should be seen as a positive, not as a threat.

Why the BRICS will remain an important force in world affairs in 2015 and beyond.

Their new bank notwithstanding, the BRICS grouping is unlikely to help the Indian economy fulfill its potential.

Can a China-dominated New Development Bank replace the World Bank and the IMF?

Is this a new solution to an old problem?

Beijing is seeking to shape international institutions to facilitate its emergence as a global power.

This is just the beginning of a new international economic order; it will be a gradual, but steady process.

The new bank will require a $10 billion commitment by each nation.