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Japan, Australia and the South Korea, all major U.S. allies, are the notable regional absentees from the AIIB. The United States, worried about China's growing diplomatic clout, has questioned whether the AIIB will have sufficient standards of governance and environmental and social safeguards.
But after Britain broke ranks with Western nations and said earlier this month that it would join the AIIB, other major EU members have followed suit.
Australia now appears close to joining, although no formal decision has been made, and South Korea may be as well.
Japanese Finance Minister Taro Aso said Tokyo could consider joining the China-led bank if it could guarantee a credible mechanism for providing loans.
BERLIN, March 18 (Reuters) - Chinese deputy finance minister Shi Yaobin has told a German newspaper his country would welcome the United States joining a new China-led Asian development bank.
"We would welcome the USA joining the Asian Infrastructure Investment Bank (AIIB)," he said, according to an advance copy of an article due to be published in business daily Handelsblatt on Thursday.
originally posted by: msallo
BERLIN, March 18 (Reuters) - Chinese deputy finance minister Shi Yaobin has told a German newspaper his country would welcome the United States joining a new China-led Asian development bank.
"We would welcome the USA joining the Asian Infrastructure Investment Bank (AIIB)," he said, according to an advance copy of an article due to be published in business daily Handelsblatt on Thursday.
Reuters March 18, 2015
originally posted by: spleenika
a reply to: daaskapital
Sure, sovereign indeed.
The world has gone through a long period of resentment of US hegemony.
But just remember to consider who you are working with. If the world wants to weaken the United States in favor of China, I hope you understand the road you are choosing to travel down.