Australia confirms it will join China’s Asian Infrastructure Investment Bank

Abbott government’s statement raises existing concerns about governance and transparency, reflecting divergent views within cabinet on the merits of joining

The Abbott government has elected to begin the process of joining the China-led Asian Infrastructure Investment Bank – but is still telegraphing concerns about the structure of the organisation.

China launched the $100bn proposal last year and more than 20 countries have announced their intention to be founding members.

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