Saturday, March 14, 2015

US riled as Britain seeks to join China-backed Asian bank

BEIJING: Unfazed by US protest, Britain has decided to join the proposed China-backed Asian Infrastructure Investment Bank (AIIB), becoming the first Western country to seek membership of the bank in which India and 26 other nations are founding members.

While US officials reportedly complained over the British move saying it has taken a unilateral decision, Chinese Foreign Ministry spokesman Hong Lei welcomed UK's move saying China will follow principles of openness and transparency. ..

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