Last Updated:2014-11-03
Dr Geoff Raby told the Sydney Morning Herald that Australia made a mistake in not signing up to a new Chinese-led Asian investment bank, the Asian Infrastructure Investment Bank.
Australia should not have refused to become a founding member of the new Asian Infrastructure Investment Bank, Australia's former ambassador to China Geoff Raby said.
"Yes, most definitely we should have been there," Mr Raby said at the Future Forums discussion on the Asian Century in Sydney on Tuesday.
"If we have concerns about the governance, we should get in there and fix it. Not being a founding member of something like this is a very big call.
"China's ability to act as a big power is difficult because of its borders and multiple states," he said. "But it is being managed. I know there is a lot pressure for China to fix relationships."
Read the full interview in the Sydney Morning Herald:
