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International Monetary Fund

German Finance Minister Wolfgang Schaeuble (R) and China's Vice Premier Ma Kai attend a joint news conference in Berlin (REUTERS/Axel Schmidt).

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Dividing the West: China’s new investment bank and America’s diplomatic failure

March 17, 2015, Philippe Le Corre

After Great Britain announced it's intention to joint the China-backed Asia Infrastructure Investment Bank last week, they were quickly followed by France, Germany and Italy. Meanwhile, the United States maintained its opposition to the Bank. Philippe Le Corre writes that in this matter, China has successfully turned the Western allies against each other.

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