http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11476533/Joining-Chinas-World-Bank-is-in-UKs-national-interest-depsite-Washington-anger.html
France, Germany and Italy have joined Britain in signing up to the China-backed Asian Infrastructure Investment Bank (AIIB), dealing a further blow to the US government. Australia is also believed to be rethinking its position to stay allied with the US and reject joining
the $50bn bank, which is seen as a rival to the World Bank.
Last week the UK said it believed its decision to become a founding member of the AIIB was in the national interest, shrugging off US concerns about the move.
"There will be times when we take a different approach (to the United States)," a spokesman for Prime Minister David Cameron told reporters, referring to the decision to join the bank. "We think that it's in the UK's national interest."
The AIIB has been feted by Beijing as a way of financing regional development.
Britain's move drew a cautious response from Washington, but Mr Cameron's spokesman said the Prime Minister did not think the episode would damage London's ties with the US, and that Chancellor George Osborne had discussed the matter with his American counterpart beforehand....
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