China and 20 other countries sign up to regional bank
Beijing (AFP) Oct 24, 2014 -
China and 20 other countries moved forward on Friday
towards setting up an Asian infrastructure lender seen as a
counterweight to Western-backed international development banks.
The signatories put their names to a memorandum of understanding to
establish the Asian Infrastructure Investment Bank (AIIB) at a ceremony
in the Great Hall of the People in Beijing.
The institution, whose devel ...
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