Australia latest U.S. ally to sign on to new Chinese development bank
Australia moved a big step closer to becoming the latest U.S. ally to buck Obama administration and sign on as a founding member of the China's proposed Asian Infrastructure Investment Bank, according...
View ArticleU.S. allies rush to join China's new bank as deadline looms
The rush to join the China's new development bank for Asia has become a stampede, with even longtime U.S. allies such as Georgia, South Korea, Australia and even Taiwan now saying they are ready to...
View ArticleEfforts to head off China development bank called a failure
U.S. efforts to head off a new China-sponsored development bank for the booming Asia region ended in abject failure this week as organizers announced nearly four dozen countries — including some of...
View ArticleJim Yong Kim ignores Obama; World Bank boss welcomes new Chinese bank
Count the American head of the World Bank as one more major player ignoring Obama administration concerns to say he welcomes the creation of a major new China-sponsored development bank to fund...
View ArticleChristine Lagarde: New China bank a 'no-brainer'
The head of the International Monetary Fund said Thursday that support for the new, China-sponsored development bank is "a no-brainer," despite the clear reservations of the Obama...
View ArticleObama denies trying to subvert China's new bank
The U.S. is not trying to undercut a new China-sponsored infrastructure bank for Asia or pressure allies not to take part, but remains wary that the proposed Asian Infrastructure Investment Bank may...
View ArticleChina celebrates Asian Infrastructure Investment Bank charter signing with...
The United States won't be there, but dozens of Washington's closest friends and allies will be on hand Monday as China celebrates a diplomatic and economic triumph with the signing of the formal...
View ArticleNew China bank sets ambitious early goals
Having managed to organize and fund itself despite a cool reception from the Obama administration, China's new Asia Infrastructure Investment Bank is setting some ambitious goals as it prepares for its...
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