China awaits AIIB decisions by S. Korea, Japan, Australia
Foreign affairsMar 20, 2015
China is awaiting decisions by South Korea, Japan and Australia on whether to join a new Chinese-led Asian infrastructure bank as founding members, China's foreign ministry said Friday. The Asian Infrastructure Investment Bank (AIIB) has recently gained traction as major Western economies, including Britain, Germany and France, decided to join the Chinese-led bank. Close U.S. allies in Asia -- South Korea, Australia and Japan -- have yet to make their decisions. The end of March is the deadline