As we witness the smashing victory of the early stage of establishing the China-led Asian Infrastructure Investment Bank (AIIB), there are a number of interpretations in world public opinion through the lens of geopolitics, including in many Chinese media outlets.

It must be pointed out that the geopolitical analysis of the AIIB originates from the leaders of the US and elites of Washington. It has not only put the US in an embarrassing position, but also profoundly changed some people's perspective of this new creation.

The number of economies that have applied for founding member status of the AIIB has been far more than expected, while the US was publicly discouraging its allies from joining the new bank. Such an unexpected result has stimulated the political imagination of the international community.

Whenever there is a sensational event in the world, there must be political implications attached to it. In the light of this, the AIIB is no exception.

The AIIB has changed the international financial order, which is part of the basic framework of the international order. When the US tried to consolidate the existing global financial order by boycotting the AIIB, the political implications were heightened. Yet in the end, Washington has overestimated its appeal and lost its power over the issue.

Now that the US has changed its attitude toward the AIIB and shown willingness to cooperate with it, the political game over the newly initiated financial institution has come to a halt. Yet this episode will not vanish, but create a far-reaching impact on international politics. However, the impact should not be exaggerated. Neither should the founding of the AIIB be considered an iconic event or a turning point in the balance of national strength between China and the US. It does show the limit of American hegemony, but it doesn't mean the country's declining supremacy could be replaced by a new hegemony.

The reason why China can expand the AIIB's circle of friends, overcoming opposition from the US, is because China is taking the pursuit of win-win cooperation through this multilateral financial organization seriously with a very open mind, while keeping the geopolitical factors to a minimum. And we will stick to our initial commitment, which is devoting ourselves to making the AIIB an international institution that is inclusive of the interests of more than one country.

The rise of China will be a long journey, and Beijing-initiated economic events will be examined by geopolitical analysis from the outside world. Objectively speaking, there are indeed certain geopolitical issues involved. But we must not let foreign voices take control, and turn the issue into a game of geopolitics.

Economy is China's advantage. It is our source of significant leverage in the world, while geopolitics is most likely a swamp or a trap. And China's future success may depend precisely on how much further we can advance down the path of win-win cooperation.