
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.