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Wednesday, October 29, 2014

China Development Bank

Interesting. The US gets a lot of soft power through it's leading role in the World Bank and Asian Development Bank. The danger for China, is bad investments as the USSR did, while competing with the US in investments. The Aswan Dam in Egypt comes to mind, that was built with Soviet support, and has issues.

China’s Plans for Development Bank Fall Short - WSJ
Many Targeted Countries Won’t Sign Preliminary Agreement in Beijing on Friday

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