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Germany, France, Italy follow UK to join AIIB

Move to join Beijing-led Asian Infrastructure Investment Bank reflects European eagerness to partner with China's fast-growing economy, seen as a diplomatic blow for the US

Paris

GERMANY, France and Italy said on Tuesday that they had agreed to join a new China-led Asian investment bank after close ally Britain defied US pressure to become a founder member of a venture seen in Washington as a rival to the World Bank.

The concerted move to participate