UK support for China-backed Asian Bank prompts US concern:
"The hope is that investment in the bank will give British companies an opportunity to invest in the world's fastest growing markets.
"The hope is that investment in the bank will give British companies an opportunity to invest in the world's fastest growing markets.
But the US sees the Chinese effort as a ploy to dilute US control of the banking system, and has persuaded regional allies such as Australia, South Korea and Japan to stay out of the bank."
Seems to me like hegemony problems. US also sees Venezuela "constitutes an unusual and gravest threat to the national security and foreign policy of the United States".
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