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Published in TZ Latest News 16 March, 2015 by The TZ Newswire Staff

Major U.S. allies to join China-backed bank: reports

A senior U.S. diplomat said it was up to individual countries whether to join a new China-led international development bank as media reports said a growing number of close U.S. allies were ignoring Washington’s pressure to stay out of the institution. France, Germany and Italy have agreed to follow Britain’s lead and join the Asian Infrastructure Investment Bank (AIIB), the Financial Times reported, quoting European officials.

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