Major U.S. allies to join China-backed AIIB Bank
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The Deutsche Welle broadcast service reports http://www.dw.de/major-us-allies-to-join-china-backed-aiib-bank/a-18320034 that several European nations, against the advice of the U.S., have decided to join the China-backed AIIB development bank. Washington had expressed concern over funding transparency and competition for the Wold Bank.