China's influence over AIIB a concern ahead of founders' meeting

April 13, 2015 9:27 AM

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TOKYO/NEW DELHI, April 13 (Reuters) - China could have outsized influence over a new Beijing-backed international development bank under a proposed shareholding structure likely to be discussed at a meeting of member nations in Washington this week, sources say.

The group will meet on the sidelines of the annual meetings of the International Monetary Fund and World Bank in the U.S. capital, said an Indian government official familiar with the plan. India was one of the first nations to join the new bank.

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