May 6, 2014

China Buys Friends and Influences Nations

William Pesek, Bloomberg

The Associated Press

If you can't beat them, outspend them. That seems to be the thinking behind a huge new infrastructure investment fund being promoted by China as an alternative to established international lending agencies. It’s a terrible rationale for starting a bank -- and a good reason to reform the current international system, which remains dominated by Americans, Europeans and Japanese.

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TAGGED: China

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