The decision of European countries, Australia and South Korea to consider following the British decision to take a positive approach to the AIIB, is a good sign that the developed nations value growth and development as opposed to forming protectionist barriers. The Asian Infrastructure Investment Bank will be part of a massive program to bring new infrastructure across Asia towards Europe, Africa and the Middle East.

The Chinese concept of Common Prosperity means that the benefits of this construction will be shared among the nations participating, and the benefits will be spread broadly.

The Chinese forsake imperial ambitions in favor of shared prosperity, stability and security.

We are witnessing the opening of a new page in global sustainable development which will create a more balanced world in the 22nd Century.

This century will see a new Eurasian land bridge and economic area develop, which will change the face of global markets for ever.

It may take 30-50 years to fully realize but when it is developed it will stretch into the next century.

The British Chancellor Osborne has been a visionary, an Icebreaker.

Stephen Perry is chairman of London Export Corporation, chairman of the 48 Group Club and vice chair of CBBC.

Opinion articles reflect the views of their authors, not necessarily those of China.org.cn.