President Xi Jinping at the Beijing launch of the Asian Infrastructure Investment Bank in October last year. Since then major US allies such as Britain, Germany and France have applied to join the project. Photo: Reuters

China-led Asian bank challenges US dominance of global economy

America's 70-year dominance of the global economy faces challenge from Chinese-led Asian bank

Topic |   Asian Infrastructure Investment Bank

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President Xi Jinping at the Beijing launch of the Asian Infrastructure Investment Bank in October last year. Since then major US allies such as Britain, Germany and France have applied to join the project. Photo: Reuters
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