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IMF, ADB add to support for China-led lender

Takehiko Nakao (left), President of the Asian Development Bank, talks to Chinese Finance Minister Lou Jiwei (right) during the China Development Forum 2015 at the Diaoyutai Guesthouse in Beijing, China on March 22, 2015.


CHINA received critical support from the International Monetary Forum and Asian Development Bank on Sunday for its goal of establishing a new Chinese-led multilateral lender, adding to a growing wave of endorsements that has worried the United States.

Leaders of the IMF and

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