Saturday 29 November 2014

China blames politics for Indonesia development bank delay

POLITICAL ECONOMY
China blames politics for Indonesia development bank delay
Beijing (AFP) Nov 27, 2014 - China said on Thursday that "domestic reasons" had caused Indonesia to delay joining a new infrastructure bank seen as an attempt by Beijing to rival Western-backed international development banks. Indonesia, Japan and South Korea were absent when China and 20 other countries agreed in Beijing last month to found the Asian Infrastructure Investment Bank (AIIB), expected to have an initial ca ... more


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