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U.S. urges allies against joining China-backed AIIB

2015-03-19 11:26 Web Editor: Si Huan
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Related story: Why Europe dismisses U.S. concerns and to join AIIB

The euro zone's biggest economies -- Italy, France and Germany -- have Britain in dismissing U.S. concerns and will become founding members of the Asian Infrastructure Investment Bank (AIIB).

Experts say the development is a diplomatic and financial success for China, which is behind the new financial institution, and shows how Europe is prepared to look east for trade deals.

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