Though underplayed, this is a huge geo strategic shift in Sino Indian relationship and will have an important role in how the relationship plays out in the coming decades between the two emerging world powers.
China can not withdraw all her army to put up a challenge to India. The most aggressive posturing that China can engage in is by deploying forty percent of her total men and machine against India.
The basic fundamental of AIIB being a Chinese Bank is incorrect. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia.
Chinese military & northern theatre command is deeply frustrated & shocked by the India's offensive- defensive position for which it is issuing ultimatums through it's mouthpiece ~ Global Times & at the same time holding talks at Brigade-commander level to diffuse the situation & return to the status quo agreed during last few talks earlier .
This Corona Pandemic has given us a golden opportunity to make our space. If we don't do it now we might as well write our future as being subservient to the Chinese.