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Jin Liqun, inaugural president of the Asian Infrastructure Investment Bank (AIIB), speaks during a press conference at a hotel in Beijing, on Jan. 17, 2016. A Canadian public relations manager for the Chinese-founded development bank announced his resignation Wednesday, June 14, 2023 in a statement that accused it of being dominated by "Communist Party hacks" and said Canada's interests weren't served by being a member. (AP Photo/Andy Wong, File)

Canada suspends work with Chinese-founded development bank while it investigates complaints

By Joe McDonald - Associated Press

Jin Liqun, president-designate of the Asian Infrastructure Investment Bank (AIIB) smiles during a business meeting in Seoul on Sept. 9, 2015. The inaugural president of a Chinese-led Asian regional bank says the door remains open to the United States and Japan becoming members of the institution. (Associated Press) **FILE**

New China bank sets ambitious early goals

By David R. Sands - The Washington Times

Chinese President Xi Jinping waits to welcome French Prime Minister Manuel at the Great Hall of the People in Beijing, Friday, Jan. 30, 2015. (AP Photo/Fred Dufour, Pool) ** FILE **

China celebrates Asian Infrastructure Investment Bank charter signing with U.S. allies

By David R. Sands - The Washington Times

President Barack Obama speaks about recent unrest in Baltimore during his joint news conference with Japanese Prime Minister Shinzo Abe, Tuesday, April 28, 2015, in the Rose Garden of the White House in Washington. (AP Photo/Jacquelyn Martin)

Obama denies trying to subvert China’s new bank

By David R. Sands - The Washington Times

International Monetary Fund Managing Director Christine Lagarde Thursday said that supporting the new China-sponsored development bank is a "no-brainer." The IMF joins the World Bank in support of the new bank over Obama administration reservations. (Associated Press)

Christine Lagarde: New China bank a ‘no-brainer’

By Christopher White - The Washington Times

World Bank President Jim Yong Kim told a Washington forum Tuesday morning that he does not see the proposed Asian Infrastructure Investment Bank (AIIB) as a rival to existing institutions such as the World Bank and the Asian Development Bank, saying the need is far greater than any one institution can meet these days. (Associated Press)

Jim Yong Kim ignores Obama; World Bank boss welcomes new Chinese bank

By David R. Sands - The Washington Times

President Barack Obama and Vice President Joe Biden in the Oval Office during the President's Daily Economic Briefing on July 30, 2009. (White House)

Efforts to head off China development bank called a failure

By David R. Sands - The Washington Times

U.S. Treasury Secretary Jacob Lew, left, shakes hands with Chinese Premier Li Keqiang before a meeting at the Great Hall of the People in Beijing, China, on Monday, March 30, 2015. Lew said he pressed Chinese leaders Monday over proposed curbs on the use of foreign security products by banks and other restrictions on access to China's technology market. (AP Photo/Parker Song, Pool)

U.S. allies rush to join China’s new bank as deadline looms

By David R. Sands - The Washington Times

LED IN: U.S. President Barack Obama, left, shakes hands with Chinese President Xi Jinping during a welcome ceremony for the Asia-Pacific Economic Cooperation (APEC) summit at the International Convention Center in Yanqi Lake, Beijing, China Tuesday, Nov. 11, 2014. (AP Photo/Ng Han Guan) (Associated Press)

Australia latest U.S. ally to sign on to new Chinese development bank

By David R. Sands - The Washington Times