Prime Minister Benjamin Netanyahu has signed a letter of application for Israel to join the China-led Asian Infrastructure Investment Bank (AIIB), the Israeli Foreign Ministry said on Wednesday.
More than 40 countries, including Australia, South Korea, Britain, France, Germany and Italy, have said they would sign up to the AIIB, with Japan and the United States the two notable absentees.
China set a March 31 deadline to become a founding member of the AIIB, an institution that could enhance Beijing's regional and global influence.
China is beginning to assert itself in the economic stage. They have said any times within the last years that they do not want the dollar as the world's reserve currency.
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