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Saturday 14 December 2019
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China-led AIIB development bank holds signing ceremony

China-led AIIB development bank holds signing ceremony

Delegates from 57 countries will sign articles that determine each member’s share and the bank’s initial capital.The UK, Germany, Australia and South Korea are among the founding members.

Japan and the US, which oppose the AIIB, are the most prominent countries not to join.The US has questioned the governance standards at the new institution, which it sees as spreading Chinese “soft power”.


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