JAKARTA: March 31 marked the deadline for charter founders to line up for the new China-led Asian Infrastructure Investment Bank, 亚洲基础设施投资银行, or AIIB initiative. At the last moment Norway, Taiwan and others rushed to find the good graces of the Chinese opportunity. Many countries seek Asian influence, and Washington has been miffed by Chinese rejection of its traditional actors – the World Bank, the International Monetary Fund and the Asian Development Bank. The US and Japan, initially cool but now perhaps contemplating some eventual partnership, will remain on the sidelines.
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