Beijing welcomes Britain's move to join China-backed bank: govt
Beijing (AFP) March 13, 2015 - Beijing on Friday hailed Britain's announcement that it will seek to join a Chinese-led development bank, after Washington voiced caution about the move. The $50 billion Asian Infrastructure Investment Bank (AIIB) has been feted by Beijing as a way of financing regional development, and is seen as a potential rival to US-based institutions such as the World Bank. Washington, Tokyo, Seoul ... more
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