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Message Subject American Consumers Are Still Struggling And Thatís Bad News For The Market
Poster Handle KoFFee_
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Can China challenge U.S. economic dominance with a new bank?
The Chinese-led Asian Infrastructure Investment Bank is signing countries up, challenging institutions like the World
Bank and International Monetary Fund (IMF) and threatening U.S. economic dominance in the process.

The Chinese launched the bank in October 2014, and despite U.S. attempts to keep its allies away, several have applied
to join the bank. Britain, Germany, France, Italy, Austria, and now Australia - which originally said it wouldn't join -
have signed on. Earlier this week, Iran signed on as a founding member.


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[link to www.cbsnews.com]
 
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