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China Launches Asia Investment Bank with 2 Silk Road Projects

The Beijing-backed Asian Infrastructure Investment Bank (AIIB) has chosen two projects to sponsor for its first foray into infrastructure investment and both are linked to Chinese President Xi Jinping's new Silk Road plan. But in an apparent move to help deflect criticism that AIIB has a political agenda, the Asian Development Bank and European Bank for Reconstruction and Development are co-sponsoring the projects, analysts said. "Tying up with other multilateral development...

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