China-Led Investment Bank Established:

A Chinese-led initiative to compete globally against the U.S. dollar has begun. “A total of 50 nations have signed the founding charter of the AIIB [Asian Infrastructure Investment Bank], seen as a potential rival to US-dominated economic institutions such as the World Bank… Amongst developing countries, there had been increasing dissatisfaction with the governance structure of the IMF and World Bank, particularly due to the dominant position of the US and Europe in their respective voting structures” (Deutsche Welle, June 29, 2015).

“This is not just a diplomatic win for China, it serves an important economic objective too. China wants to move away from building infrastructure at home. Its engineering giants need somewhere else to build ports, roads and cities,” and they intend to “lend the region the money to pay Chinese companies to build a 21st Century Asia according to a Beijing master plan and with Chinese influence at its core” (BBC News, June 29, 2015). Once this economic money train gains steam—U.S. influence in the region could decrease considerably.

Bible prophecies indicate an Asiatic superpower will boast a massive economy, and a 200 million man army will march against Israel before Jesus Christ returns (Revelation 9:16; 16:12). As the Israelite nations reject the laws of God, their “stubborn pride” will be broken (Leviticus 26:19, NIV)—while other nations to the East will grow in strength. For more on this topic, read “U.S.-China Trade War: Coming Soon?”