The US dollar loses another 'Western Ally' - Australia to join China's AIIB | Asian Infrastructure Investment Bank

03/24/2015 - 00:00

By Michelle Grattan -

Treasurer Joe Hockey has indicated the government is preparing to announce Australia will enter negotiations to join China’s infrastructure bank.

After earlier declining to participate following pressure from the United States and concerns about governance, the government has come round to the idea, as the bank gains broad support from a number of key countries, including Britain.

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