On March 17, European officials announced in Beijing that France, Germany and Italy will follow in the footsteps of the United Kingdom and work with Chinese leadership by joining the Asian Infrastructure Investment Bank. The Western countries will join despite disapproval from the United States.
The British government previously announced that it plans to join the Asian Infrastructure Investment Bank which is currently worth $50 billion. The Asian Infrastructure Investment Bank is seen as a potential rival to the World Bank headquartered in Washington D.C.
Australia, an important United States ally in the Asia Pacific region, previously declined to join the new bank after facing pressure from the U.S. However, Australia recently stated that it may reconsider its position.
Source: inews.qq.com
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Keywords: Germany Asian Infrastructure Investment Bank Italy Asian Infrastructure Investment Bank France Asian Infrastructure Investment Bank
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Looks like soon in Europe , not only we ll be importing Chinese goods but also their censorship. Dark times await us all.
Mar 19, 2015 23:16 Report Abuse
And I am planning to go back to Europe, only to find out, that later it will be China too :D
Mar 18, 2015 09:18 Report Abuse
They can steal that money like they stole all the technology. Plus the economy is going down the drain.
Mar 18, 2015 08:19 Report Abuse
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