Monday, 27 October 2014

Sydney Morning Heraldf article well worth a read - Australia has baulked on signing up to a powerful new Chinese development bank

The bank – which will have $50 billion in initial capital to fund badly needed infrastructure projects in countries throughout the region
http://www.smh.com.au/business/australia-baulks-at-china-bank-signup-20141024-11bfw1.html#ixzz3H71jA9uP
Australia has baulked on signing up to a powerful new Chinese development bank amid concerns within the Abbott government that Beijing could use it to expand its strategic influence in the region.
smh.com.au