Support for China-led development bank grows despite US opposition
by Tania Branigan China correspondent from on (#4WT7)
Australia indicates it could join UK, New Zealand as founding member of Asia Infrastructure Investment Bank, which Washington views with suspicion
Support for a Chinese-led development bank is growing despite US opposition, with Australia indicating that it could join the UK and New Zealand as a founding member.
Analysts predicted that others would follow Britain's surprise decision to put its weight behind the new $50bn institution, despite the US making its irritation clear in an unusual public rebuke.
Related: US anger at Britain joining Chinese-led investment bank AIIB
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