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China-led Asia investment bank gains traction with more support

The AIIB launch ceremony at the Great Hall of the People in Beijing on October 24, 2014. The bank poses a frontal challenge to Western-dominated development institutions in which the US has a major stake.


THE China-led Asian Infrastructure Investment Bank (AIIB) grabbed international headlines over the weekend after the UK announced that it would become the first Western founder member of the bank, and Australia indicated that it could also join soon.

"We're looking very