US losing by pressuring nations not to join Asia bank

For months, the Obama administration has been putting pressure on its allies, such as Australia, Japan and South Korea, not to join the Asia Infrastructure Investment Bank (AIIB), which Washington sees as a potential rival to the World Bank and Asian Development Bank, which are dominated largely by the United States, Japan and other developed nations. …

Chen Weihua
http://usa.chinadaily.com.cn/opinion/2015-03/16/content_19817978.htm