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(Commentary) In face of interest, alliance sometimes fragile

2015-03-15 09:30:14       source:Xinhua News Agency

March 14, 2015


"Despite concerns voiced by its close ally the United States, Britain, a conventional Atlantic force, will become the first major Western economy to join a China proposed financing mechanism, which will explore investment opportunities in, mainly, Asia.


Downing Street believes its decision to apply to be a founding member of the China-backed Asian Infrastructure Investment Bank (AIIB) is "in the U.K.'s national interest."


Domestic interests may not always be compatible with a country's allies' and, in this case, the ally of Britain chose to air concerns over, allegedly, looser lending standards for the environment, labor rights and financial transparency of the proposed bank."


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