The United States has raised concerns with China over its recently proposed Asian Infrastructure Investment Bank (AIIB), questioning whether the lender would ensure that its projects meet global standards for good governance and environmental protection.
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Said Ms Yun Sun, a fellow at the Stimson Centre’s East Asia programme: “Potentially, the AIIB would represent an expansion of Chinese influence and China’s consolidating and strengthening of its regional status… it raises questions about whether China is trying to consolidate its leadership and exclude other powers from the region.”
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