America appears more isolated as Australia, Denmark, the Netherlands and Russia plan to join The Asian Infrastructure Investment Bank (AIIB).
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The Chinese development bank has now signed up many of America’s Western allies.
The U.K was one of the first to sign up.
The Telegraph reports:
The UK angered Washington when it became the first major western country to join the Chinese-led bank, but a string of nations have since put their name to the $50bn organisation.
On Sunday, Australian prime minister Tony Abbott said the country, a key US ally, is signing a memorandum of understanding to join the AIIB to “allow Australia to participate as a prospective founding member”.
Meanwhile, China’s ministry of finance said Denmark had written to “announce its intention to apply to be a founding member”.
It follows Russia and Netherlands saying on Saturday that they plan to join, while Brazil, South Korea, France, Germany and Italy have all expressed their interest.
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